Replies to post #100804 on Biotech Values

[ThomasS]

MNTA gift: I added another 20% today. last add. This is just (imo) plain stupid.

[rkrw]

FWIW analysts made calls that Vancocin from Viropharma was going to go generic by the end of 09, they had info about FDA comments and importation of the generic and here we are August '10 and it still hasn't been approved.

[medchal]

"I want to know if any of you did actually sell or cut your holding in MNTA?"  I'm not sure who "you" means, but I certainly closed my entire position the day of approval (as my posts would make obvious).  I have since bought back in, but only 25% of my original position, and I "foolishly" sold $25 calls on that purchase, not really caring whether they would be exercised.  No credit or blame to anyone, as I simply followed the voice of my own experience on this.  Net of everything, my current position has a cost of just over $20 and a net current value of just over $17.  (Of course, I'm trading "free" shares now if past transactions are taken into account.)

For what it's worth (probably not much), I would guess that today's sell-off is typically exaggerated, and I'm not doing anything at today's price levels.  Should the price stick here, I'll simply sell another round of options at expiration and be just about back to scratch.