Enanta Pharmaceuticals Inc (ENTA)

[linhdtu]

Good for you. I sold out enta in all 3 Coverdell accounts I manage at 46 and I am thinking about buying back.

Although I do believe the upper limit is rather limited for enta, the risk is low like you opined and it is a good risk/reward bet for these accounts. Just waiting for lower price which is almost a certainty.

Why? Well because there is hardly any catalyst in the near term. Japan results won't be out by year end so is PDUFA around there.

The SP is rather high imo, there is more chance of it going down than up and on any high volatility day, the retailers will bail out of enta (and other biotechs), you can count on it :)

It is prudent to have dry powder and trade against the herd "herding" ! lol :)