Strong Close to a Good Week for ENTB
Yes, it did very well this week. It held its value even on end-of-day trading, when a lot of the weaker souls take their margin profits and run like they stole something ;-)
Friday, to me, was probably the best day of the week, for a number of reasons, including that it looked like it had bumped up on 1.98 and would drop a bit on sell-offs, but a mini-rally took place and it improved over the last hour, which was exceptional but which also shouldn't have been surprising, given what ENTB is bringing to the game.
I was also really impressed because the broader 'main' markets (NYSE etc.) took a bit of a hit on news of that South Korean Navy ship sinking (for a while, it looked like the North Koreans had torpedoed it) and lost some value throughout the day because of it.
This is another reason why I like the biotech sector, because it's a bit less-dependent on news like what went on in the Yellow Sea or even on issues like big oil refinery problems and the like. I think that over the long run, if one has more patience than just for the quick strike daily or intra-day moves, these kinds of stocks can deliver a real chance at significant upward moves.
Like I said; I can see ENTB regaining its old 52-week high in the mid-sixes and then moving up from there. They've made two outstanding acquisitions to their clinical executive staff (with Carrier the newest signing) and the executive suite looks to have a solid plan that's positioning the company for solid success in the near term and long term. For me, that gives it a solid rating. I'm excited for Monday the 29th to get here, already (LOL!).
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