Replies to post #248347 on Biotech Values

[rwwine]

Joe, not a funny money bet with me. I believe in the future of the company and have invested exactly $275,400 YTD. Presently underwater and not the least concerned. What I really like about ENTA is they don’t keep issuing shares to get cash…unlike others I have invested in historically. Between RSV, 235 and other molecules, not to mentioned the litigation against PFE, I soundly believe my investment will have a solid return for me. In all transparency, my dollar cost average is $25.04. So from my perspective my friend, jumping in now is a very smart approach. JMHO
Best,
Rich

[WorstLuck]

Is this a funny money only bet?

After today's Treasury announcement with more weight on Bonds to Bills than previously, I'm more inclined to be cautious about the market in general. You have expressed some expectations in that regard yourself (market declines).

As far as ENTA goes, I haven't concluded that it's a better investment than other opportunities but I'm continuing to watch. There are some low risk option plays I'm thinking about but it isn't clear that the positions could be filled at the right price.

[edcoolidge]

Imo just about everything bad is already priced in. The market sentiment on ENTA can be summed up as basically what Jake the troll posts here.

I don't care to assign probabilities but I think the risk/reward is very much tilted toward the upside. There are many potential catalysts to move the stock higher and it wouldn't take much good news at this point to send the Jakes of the world packing.

At the current price you could more than 5x if ENTA went back to prices it has hit multiple times and as recently as 20ish months ago.