Momenta Pharmaceuticals Inc. Message Board

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Biotech / Medical : Momenta Pharmaceuticals Inc.

MNTA 52.48

0.0%

Oct 2 4:00 PM EDT

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From: tuck	7/24/2006 12:25:00 PM
	Read Replies (1) of 3027

MNTA is up almost 13% this morning on no news I can find. Volume does not suggest that someone large knows something. I therefore think it's a retail bounce in a volatile stock. I own some stock and sold a bunch of puts, all of which are under water. The put selling strategy worked great until April. Anyhow, given the above, I just bought a few shorter term puts. MNTA is trying to push through its 50 day MAs on basically nothing but a market bounce. I think that'll be fairly strong resistance, and the next time the market gives up some ground, MNTA will be doing so as well. stockcharts.com Just my humble opinion, FWIW. I'd love to be wrong. If it gets through the 50 days, it's got some room to run. I'll take a small loss on my August puts and be very, very, happy. Cheers, Tuck

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