Momenta Pharmaceuticals, Inc. (MNTA)

[10nisman]

guess I must missing something with the theory that you and 10nis are explaining. One year ago, Momenta was trading in the $15 dollar range, same as it is today.

Sounds like its the perfect time for you to finally sell your shares and buy a low-cost index fund. It may also help get you off the weekend wagon.

Using that metric, I'd have to say that not only has Momenta's shareholders not benefited from Momenta improved financial performance but we missed out in benefiting from the 18% gain in the general markets.

Any investment over a 12 month period can greatly underperform the general market - how many times has that happened to Berkshire Hathaway? However, its all about long-term returns and thus its about buying and selling at the right prices. My purchases from November 2007 have greatly outperformed the market and I also made sizeable purchases when MNTA was trading in the 12's and 13's earlier this year - all of which have outperformed the general markets.

I prefer to buy companies out of favor with the street especially one's that are trading at significant discounts to intrinsic value, generate substantial free cash flow, have solid balance sheets and management teams.