Enanta Pharmaceuticals Inc (ENTA)

[linhdtu]

Yep, I have watched the vol and price action of enta for a long time.

I have come to the conclusion that because of the low vol, the price action is quite ragged and very susceptible to "manipulation" lol.

I usually don't believe in "manipulation and conspiracy". So all I meant is that when you have 4K shares traded, and if the price responds to supply/demand which is reflected through the volume of bid/ask then indeed a big block either of buy or sell can yank the price one way or another.

Recently there is an article on AlephBlog regarding the attention or neglect of analyst coverage that I found very pertinent to enta.

I do consider the analysts neglect of enta a favor to the common retailer like myself.

It also confirms my belief as to why analysts pay a lot of attention to biotechs that I consider to be marginal (read low in cash and both poor pipeline).