Entremed (ENMD)

[SyndicateMM]

TA Update:

Well, things continue to deteriorate technically and while we are massively oversold, it appears that the $2 level is likely before a move in earnest. Without fundamental news to support the stock and a very bearish small cap environment, the path of least resistance conintues to be down. The falling knife will kill, if one isn't careful (or maim ruthlessly, at least!). As I have stated before, the strongest possible caution is advised at this juncture! Significant developments on the fundamental front, when and if they occur, could bring about the price movement we need to change the current negative bias. With no disrespect intended to dear Dr. Haod, it is just this type of 'throw in the towel' mentality that is being revisted, as it was in 2002/early 2003. However at substantially higher levels with far more opportunity than that time. However, we find ourselves, again, at the gleaming bowl of the Roman vomitorium. Watch what you eat right here....it could haunt you. On the other hand, get it over with and move on?

I'm out for a couple of much needed weeks of R and R. Perhaps a more colorful and optimistic allegory will be in order at that time.

Usual disclaimers apply.

Best Regards-
Syndi