Replies to post #99711 on Biotech Values

[jbog]

DFRAI,,,,


For some reason, some people have all the luck.


On Friday 20 minutes BEFORE the halt I noticed something out of the ordinary going on with Momenta's volume and posted this:

Friday, July 23, 2010 10:38:21 AM

Mnta, picking up some vol.

Interesting.

20 minutes AFTER that posting the stock was halted. Now, I assume some poor old soul was enlightened to Momenta just at the most opportune time over the last 6 years and placed his buy orders.


Of course the SEC will never chase this type of garbage. They're to busy watching porn.

[Mpower]

This stock has some strange liquidity. i think we will see a monster pop at some point this week....

[10nisman]

MNTA

<< with such a high percentage of stock held by institutions - who keeps acquiring at these levels? >>

Smart money is acquiring at these levels. Some institutions will take their profit and run with longer-term shareholders buying up their shares. I think the heavy selling of short term owners is about done and we could see some significant appreciation in the near-term.

We should see more sell-side analyst upgrades announced throughout this week with increased price target's in the mid-to-upper 30's.

Also, there are plenty of institutions that never heard of MNTA until Friday. After some DD I'm sure a good number of them will realize MNTA has an exceptional risk-return profile and will start bidding up the shares.

10nis