Replies to post #105853 on Biotech Values

[oldberkeley]

IMHO, you got a good buy and you made a good "averaging-down" move.

Have patience, you're still going to come out OK with this.

The lowest ebb is the turn of the tide. -Longfellow

[y3maxx]

MNTA/NVS...

It is only a coincidence NVS stock is trading at yearly highs and MNTA shares are getting hammered.

y3

[HattieTheWitch]

5K at 14.75. Any loss now will be on the top of previous level at 20+ and again at 18+ buys..

I understand where you're coming from.

Not that it helps you, and I don't know any better than you where MNTA is going tomorrow or the next day, but I finally learned my lesson a few years back: never buy based on an analyst's recommendation.

I came to this conclusion after too many experiences similar to yours.

One can drive themselves crazy looking at the day to day movement in a stock, so the approach I take is this: was I satisfied with the long-term prospects of the stock when I bought it? If so, I ride out the short-term disappointments. If not, I kick myself for being so stupid (again!) and decide how I'm going to deal with the situation.

I feel strongly that MNTA is a real gem. Since you seem to be disturbed by the short-term action, I hope it does not represent a large % of your holdings, and I wish you the best. I think your patience will pay off.

[alertmeipp]

buddy, getting a 5 bagger isn't always easy. keep the faith, ignore the rumors, trust your model, whine here if you need to.

After all, MNTA can't move much higher until the big boys load up.

the next news may be TEVA's withdrawal of application due to "economical" reason - who knows :)