Momenta Pharmaceuticals, Inc. (MNTA)

[funindasun]

jbog… Discordant market brings dissonant theories...

and I'm not the only one... I'm in a league of fools... Here's what Motley says,

The offering is below Thursday's closing price of $12.08, which would typically send shares down, not up. The unusual activity is likely because Momenta Pharmaceuticals had originally planned to raise $150 million but actually ended up selling enough shares to raise $200 million, suggesting there's interest in the biotech from large funds that tend to buy secondary offerings. Some of them might have even been buying today if they weren't allotted as many shares as they were hoping for.

Fool! There's always tomorrow or Monday or till the end of the year or next year to accumulate!... is the train leaving now or something?

Short covering has to be a part of it then... They don't want to see a market down Monday while Momenta might act foolishly and goes up?! Again!... If not, oh well... hence my theory.

As for me I filled my limit of shares, prior to yesterday's mess... oh what a fool I am...