On February 1st we issued a call to take profits on MNTA. Depending upon how you traded, your profits would have been 74%.
We got out at the top. Now the stock has fallen providing an opportunity to enter again. The buy zone is $12 to $15.35, preferably below $14.31. The stock is trading at $15.30 as of this writing. The target zone is $18 to $20, and $24 to $28 in the event of a buyout. Stop zone on one-half of the position is $11 to $11.38.
Those who are not aggressive may consider accumulating only on a dip in the $12 range.