Momenta Pharmaceuticals, Inc. (MNTA)

[Mpower]

I've said this before, and i'll say it again.... I am perplexed that "companies" like Sequenom have a market cap a stones throw away from MNTA, yet those companies have no meaningful products in their pipeline.

Am i the only one who thinks it strange that MNTA is trading below its pre-approval levels for nearly 6 months after being the sole lovenox generic? Moreover, MNTA is raising cash out of the blue when they really have no overt reason to do so. (The size of the raise is also questionable -- why raise so little money???) They don't even attempt to justify or explain the raise, its all quite strange when you think about it.

All of this is happening the context of a very bullish run in the market. There is something bizarre going on, and it has nothing to do with short-term vs. long-term. The whole situation is fishy.