Everybody's Impressed with ENTB
I agree. The stock's not performing with what would normally be considered rational behavior, but with health care reform signed in, and the "good" parts of the bill delivering the possibility of increased government funding of medical research (NIH will be turning that tap wide open pretty soon, especially in areas that ENTB's strong in), ENTB looks well-positioned to capitalize on that.
Trading volume's fairly high right now, and I think there's a lot of people that rushed in after that minor sell-off yesterday lowered the end-of-day price (which may have become the absolute bottom, right now, if everything stays as it is in terms of the company's position) to where folks felt comfortable in looking for an in-and-out series of plays for the day.
I'm going to watch volume over the last 1/4 of the day and watch for big profit-taking, but I don't think the stock will sink to yesterday's closing price and, right now, it looks ready to establish a new, higher, closing price that's sure to put a smile on a lot of peoples faces
I agree. The stock's not performing with what would normally be considered rational behavior, but with health care reform signed in, and the "good" parts of the bill delivering the possibility of increased government funding of medical research (NIH will be turning that tap wide open pretty soon, especially in areas that ENTB's strong in), ENTB looks well-positioned to capitalize on that.
Trading volume's fairly high right now, and I think there's a lot of people that rushed in after that minor sell-off yesterday lowered the end-of-day price (which may have become the absolute bottom, right now, if everything stays as it is in terms of the company's position) to where folks felt comfortable in looking for an in-and-out series of plays for the day.
I'm going to watch volume over the last 1/4 of the day and watch for big profit-taking, but I don't think the stock will sink to yesterday's closing price and, right now, it looks ready to establish a new, higher, closing price that's sure to put a smile on a lot of peoples faces
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