Replies to post #18941 on Momenta Pharmaceuticals, Inc. (MNTA)

[funindasun]

I understand what you're saying... But...

Let's look at the whole picture. Bear in mind that the buyer may be acting for an entity...

Wednesday he bought 1,114 calls that would expire in two days!…
that's pretty gutsy, well you now call dumb... I say this is a genius move...

There is a reason* for that move. He did not expect a big payout on Friday but to buy a whole lot of stocks... well if MNTA exploded upside on Friday that would have been fantastic too.

So how does he go about getting a whole lotta of it?... Momenta swings wildly up and down by just a few hundred shares... Buying over a hundred thousand shares will undoubtedly bring the price couple of bucks higher. I've seen it the other day swing to $29+ with just a few hundred shares.

So to get around this he bought calls, and places buy orders around $27's... he knows the shenanigans of the market and market maker.

Trap complete... He will get his shares either way and he got them... And he got some below $27 too!

Let's recap... he wants umpteen amount of shares... if he buys at the open market it will go to $29 and up... better buy calls and set buy orders... $29-$27 = $2 … he paid $1.10 calls... he saved big bucks!... capiche?