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Non-Tech : Enamelon (ENML) - Does anyone follow this? -- Ignore unavailable to you. Want to Upgrade?

To: TheLineMan who wrote (767)	2/11/1999 9:15:00 AM
From: lindend	Respond to of 863

I'm currently short ENML, but why would you hold this one to 0? The stock will inevitably drift to between 2-3 before the next convertible, at which point, they will have to pump it up so they can dump it. Why not cover in the low-single digits, then re-short at 8/9? As far as I can see, ENML is like ZITL, the gift that keeps on giving.

To: TheLineMan who wrote (767)	2/11/1999 12:05:00 PM
From: Kelton	Read Replies (1) \| Respond to of 863

The burn rate is nasty, the dilution factor is potentially large, the marketing may even be a little lacking. But I am optimistic here on the long side of ENML because of the awesome technology they have. If worse comes to worse, I cannot see it going bankrupt. They will easily license or sell their technology to the highest bidder long before they will ever go to $0. I have a long position of only 100 house shares right now, while I wait for a better price to buy a few thousand shares again. I've already made a lot of money on this stock, having bought my previous shares in the $3 range, and I expect to buy at the best price again soon. Did any of you shorts notice the incredible support ENML had last week when it dipped below 6? Maybe it was some of you covering.