Momenta Pharmaceuticals, Inc. (MNTA)

[jmkobers]

The reason longs didn't sell in the mid 20's is simple. It's becasue their valuation model didn't have the shares as over-valued at that time!

And that is really the point of this valuation thread. It's hard for those who have followed this stock for a long time to embrace the current valuation model many longs are currently pushing, considering how wrong about it they have been over a long period. All things considered, it couldn't have been more flawed. The multiple risk factors that were always there were never fairly weighed, and it's highly likely that the current risk factors continue to be unrealistically discounted.

This should be pretty hard to argue at this point.