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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Lucky888 who wrote (13909)2/23/1999 6:15:00 PM
From: JSB  Respond to of 122088
 
Lucky, I could be wrong, but ENMD
is old news. It closed weak and I
would expect it to wander down in
the next few days.

FWIW, I don't think closing 3 bucks
under it's intraday high indicates
a gap up in the AM. At least I hope
not as i reshorted at 20.25 and 21.50.

JSB



To: Lucky888 who wrote (13909)2/23/1999 6:17:00 PM
From: GregS  Respond to of 122088
 
Lucky,

Today's momentum players didn't know what they were buying, that why you'll see a gap down tommorrow. Of course, any significant press release by ENMD could change that, but the whole news bit is getting a bit long of tooth now.

Today's close showed mo-mo's jumping, with some late day short covering (22 down to 20 ain't bad for a day).

ENMD is going to have to prove they can make their drug, otherwise the stock is going to trickle down.


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