Enanta Pharmaceuticals Inc (ENTA)

[willyw]

Not only has it been a red day, but a red week.

The thing is, it isn't only ENTA.
People holding GILD are freaking out, thinking it is because of good Abbvie news.
I've seen people floating out there on the net that ENTA is down because of bad news for Abbvie approval. (not, IMHO)

In mid March Gilead hit 65 dollars; one month ago it hit 115,and today it is trading about $100.00

Point is..... it isn't ENTA; its the market, IMHO.

Finally, when ENTA moved into the Russell 2000, I thought I noticed more volume, but also highs and lows as the Russell index moved.
Will that also be happening to a larger degree since ENTA is now in Nasdaq? Last I looked Nasdaq had a poor couple days.
I don't think the fundamentals have changed much for ENTA the past week or month.

===========
By the way, I have seen good news regarding the Abbvie 2nd generation program. I believe it is doing well; anecdotal info.