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Monday 11/20/06 HO HUM DAY-But add MNT to your watchlist..... at 11:01 PM EST
The Monday following options expirations usually is a reversal of the previous Friday's action as new buying positions continue to be taken for the next day or two.
One notable stock of mention is MNT. Now any one who follows this stock knows that they make silicon breast implants, the target of 15 years of law suits and disdain on the part of the broad public, but the appliance of desire for those in the market for such things.
The FDA lifted its ban on MNT and its silicon implants which have only been available in reconstructive surgeries in cancer patients, but have held up in thousands of tests and now are once again being turned loose on the general market.
The stock jumped 10% this morning so of course it is too late to purchase, but given an early pullback by short term momentum players who should start to take profits in the next few days, they become a tremendously attractive long term play. Their next couple of earnings seasons will be blowouts and they now become a category killer stock with early domination of this high ticket, high margin market.
For that reason, it becomes the "STOCK OF THE DAY" (appropriate booming echo sound effects)
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