Momenta Pharmaceuticals, Inc. (MNTA)

[linhdtu]

Today's haircut is about the same magnitude as the one DNDN got not too long ago when it missed on the revenues side.

If I were to try buying mnta now, I would use limit buys and set it at 10 or 11. And why not ? I've been burned plenty trying to catch falling knives. The last time was with dndn. I bought in at 11 only to see it go to 9 on the debt ceiling debacle. I got lucky and bailed out whole when it went back to 11 a few weeks later.

I gave up trying to be proven right long ago. Instead I try to be profitable and the key to being profitable imho is to buy as cheap as possible and currently I don't have a good feel for mnta.

The cash may not help much. Currently on a macro level, there is way too much cash anyway everywhere. Capital is of little help to the capitalist if there is plenty of it around and the cost of use is low or nil, especially if the venues of deployment are limited .Especially in the case of mnta where the future is sort of cloudy in terms of new projects.

I do have to agree with tinker that as bad as today's news are, it is actually very positive for mCopax. The key is to buy cheap.