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EntreMed, Inc. Message Board

  • zilanewswatch zilanewswatch Sep 27, 2007 12:09 PM Flag

    my gutttt we trade below $1 within the

    week hope i am wrong

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    • Well we are touching the 52 week low which will probably become a permanent closing price soon if not today. I have been in this stock for over 5 years and my original purchase was above $12. I have a bunch bought in the mid to upper $1s and I thought that was a safe range to buy in, now 24.5K shares. However as you can see from the current price I am big time red. I really hadn't lost hope until the steady drop which started in June when it hit almost $2 again. At that time I was hoping for $3, look where we are now. I have 3 other biomeds and all have gone steadily south over the last 4 months. I think this group is down trending overall. The big thing with any of these though is that one golden product approval. To be honest, without at least one good product any of these companies will fade into oblivion. But I think over the last couple of years investors are shying away from these companies unless they have something really promising, not just ideas and trials any longer. Really can't blame the investors, I am definitely shying away from these companies myself now. So I am holding to my shares but honestly not holding my breath on ENMD or any of these until something is approved. Phase 2s are becoming meaningless, those have to be performed but the upbeat PRs released during them are just for PR purposes. Hoping everyone invested in this at least maybe someday gets out even. However, it is honestly going to be either total boom or total bust and the bust looks more likely at the moment.

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