Momenta Pharmaceuticals, Inc. (MNTA)

[jbog]

Dew,

The March 09' dip was an man made phenomena caused by Washington's desire to push the stimulus package through. I don't think ever before in history has government itself created such a mess for the public.

The markets should have stuck around the 8k range at that time so the extra 1400 point drop was pure manipulation by Washington, but you're right it presented itself as a great buying opportunity.

You are also correct that I had no appetite for the markets at that time. I was essentially out of the markets in early September 07' with few exceptions (speculative bio's) so I certainly had no desire to re-enter with all the market confusion.

When I re-entered the market I came back as a trader instead of an investor because I firmly believe that our whole investment world has been driven by Federal Government assistance rather than the fundamentals of normal business. As of Today the Government is in the same predicament that the consumer was in 2007. Broke and hurting.

Now I'll be happy to sit on the sidelines watching for the real economy to come back, and sadly I think I'll be sitting on a log for quite awhile. If the government stays involved I'll trade and if the consumer gets involved I'll invest.