Enanta Pharmaceuticals Inc (ENTA)

[willyw]

Investing in a thinly traded stock is confounding.

This morning Merck is down for a few reasons
Moderna is down due to concerns about vaccine effectiveness against the new variant.
Pfizer is up (IMHO) due to faith in it's vaccines (relatively) but perhaps more so due to faith in it's covid antiviral (a PI)

Who else is up? AVIR at 8.06 this moment up 3%+ presumably an on hopes of it's Covid antiviral will work 225K shares traded.

And then there's ENTA which sat forever at -1.44 cents and 5800 shares traded.

My take on it is people aren't buying or selling their ENTA.
They are holding for news, waiting for catalysts.
Due to the new variant no one really knows where to put their $$$.
I held.
Generally speaking I think we are seeing the strength of vaccines being tested and the importance of antivirals growing.

In general, Merck's antiviral has lost some credibility, AVIR's will probably be worse. Pfizer's looks best at the moment- one reason it is up- while Moderna is down.
(Enanta's covid antiviral - a PI- looks promising but no human data- and that's months away)

AS I was typing ENTA has RALLIED to -.51 (minus) cents and 82 hundred shares. and AVIR hit 4%+

So much of investing is merely waiting.