Peils pick of the week (9/22/2011)

Discussion in 'Stocks' started by peilthetraveler, Sep 22, 2011.

  1. My last pick NCT was pretty good for me. Sorry to those of you that didnt sell when I did and got hammered. That was a bloodbath and I swear that wasnt me that dumped 20 million shares. :p

    Anyway...My new pick for this week is MNTA. Its a biotech. Its going thru issues with its patents and they are suing other companies for patent infringment (as biotechs often do to delay other companies bringing those products to market which gives them time to make more money) and in a nutshell, I think this stock has been beaten down too hard.

    Closing price for 9/22 was $11.23.

    I'm personally in this one at $11.10

    Typically with these types of companies a spike will be followed with a decent move in the opposite direction either right away or over a couple weeks. I'm going for 20-30% gain in this one, but I may jump ship if i get nervous or get new information that i dont like.
  2. 30% gain, just like I said. Took a few weeks longer, but there it is. Yesterday would've been a better day to get out. It broke $15 and now is currently only 14.50. Still a 30% gain in 6 weeks.