Fidelity Select Biotechnology Portfolio was a major winner with MNKD... Does anyone want to take a guess who SNTA largest mutual fund holder is? I'll answer for you; Fidelity Select Biotechnology Portfolio... There position hasn't changed from the information that I've gathered. If someone can fact check me, that would be great. Furthermore, I wonder if there fund manager or analyst agree that it's only worth a $1, HIGHLY UNLIKELY.... Pretty solid 1 yr, 3 yr and 5 yr returns; +84.34%, +47.56% and +34.20% respectively. Start buying, start telling your friends to buy and don't let the short get out with a free pass. I want to see a close above $10 by the end of May. Then reduce your position if you feel the need.
I own a small amount of SNTA. The entire Biotech sector has been on fire the last couple of years. I could careless if some Fund Manager from Fidelity who runs a Biotech Portfolio has been on fire. 7 good years 7 bad years. Bottom line a monkey could have invested in Biotech and brought in good returns.
The Facts Remain with SNTA
Do they have a blockbuster drug in the future? WHO KNOWS.
Locke, you think MNKD is still a buy? Still a huge short position in that stock. I would think a 2-3 day rally is likely. Thinking about a small position in the a.m. depending on pre-market...maybe 1000 shares