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Biotech / Medical : EntreMed (ENMD) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (1378)	11/12/1998 2:19:00 PM
From: Mr. Miller	Read Replies (1) \| Respond to of 2135

Certainly Wallstreet overhyped this company earlier this year. I called Waterhouse Securities today, and they said they have no shares to short. With this in mind, and the worst over for right this moment, and the fact that the CEO is coming on and has issued this press release, I think we get a small bounce back to $30. If noone else can short, I think the stock does not go down further since noone will sell till they hear the CEO out. I think the shorts are now covering, moving the price up slowly, while everyone else waits to see what the CEO says. If it is anything good, the stock will rebound smartly from buying and a squeeze. Shorts, I would cover. No sense in being greedy. Good chance for short term "longs" to make a few bucks off the shorts. Miller