Momenta Pharmaceuticals, Inc. (MNTA)

[DewDiligence]

Sooner or later, and I'm guessing it'll be sooner, the individual investor… is going to throw in the towel. They don't have the stomach to keep on getting their rumps kicked.

That’s exactly what many people were saying in Mar 2009.

For the record, this is what I was saying then (#msg-35980601):

Today may be the proverbial day of capitulation when hordes of people decide they don’t want to own any stocks and sell everything.

If you have dry powder, you can buy shares of myriad fine companies at prices that haven’t been seen in a long, long time.

For the record, this is what you were saying then (#msg-35985153):

…when the biggest and brightest investors (Buffet, KKR, etc) are taken out to the woodshed every day for a spanking it certainly doesn't give anyone confidence that they can win in this environment.

Enough said.