Enanta Pharmaceuticals Inc (ENTA)

[linhdtu]

Hell willy,there are 3 factors or things contributing to make a profit playing a zero sum game.
1. Smart or knowledge. This allows me to determine the risk/reward of stocks. But even the sage of Omaha said you don't need too much of it. Any IQ above 130 is best sold or even better traded in for emotional intelligence however it is understood or defined.

2.Luck. One can always use it but in wrong hands will bring ruins. By which I mean ,say Joe Blow has had a lucky streak but he didn't realized it, confusing his hot hands with his ability and so he gets bolder and bolder and poof over the cliff someday. To back this up, I present the track records of so many once hot traders in hedge funds who struck out on their own and lost it all.

3.Pluck. You need guts in this line of biz. High risk/reward stocks come with high volatility which is not to be confused with risk. Also perseverance should also not to be confused with inability to see/recognize adverse data and blind spots.

I like enta in the low 30s. It may even go below it because the general mkt is high right now and in a correction, there are always weak hands which will be flushed out ,bringing lower prices. Thus my strategy is to go in about 1/2 my quota in the low 30s and reserve the other half in case it even goes below 30.