RealCommentary from TheStreet.com
Genta Shares Should Be Therapeutic for Patient Investors
Tuesday January 6, 8:00 am ET
By Jonathan Moreland, Special to RealMoney.com
Longtime subscribers may recall my previous involvement with Genta (NasdaqNM:GNTA - News), a biotech with a promising new drug.
I bagged a 63.4% gain in less than a few months when I recommended the stock in late 2001. I suggested buying the stock once again in the summer of 2002 but lost about 4% when I was shaken out. Since then, the company has inched closer to final approval by the Food and Drug Administration, and shares have bounced in and out of favor. From a low of $5.50 this spring, Genta more than tripled to a recent high of $17.65.
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