...much of an endorsement for MM. Has SNTA's new CEO done or said anything yet but watch the share price go down a lot?
I don't know if that makes you brave or stupid. I'm not going to publish my position, but I don't think it is wise to have blind faith and confidence when a sizable position gets dumped. It might be a myriad of factors that are completely removed from the day-to-day operations of the company, but then again, they might.
I don't believe it's management's job to pay attention to the stock price, but I do hope there is some type of communication between now and the next quarterly call (early November).
You should not own individual stocks - nonetheless speculative biotech stocks. You should call a financial advisor.
Of course you know Marissa...and I am Elvis.
And clearly, you do not know Anne. Thanks for confirming.
For the first time, I felt real pain looking at my Synta position yesterday afternoon. I don't think I can allow myself to watch the stock make more significant drops in the absence of news. This is normally when I really move all of the chips in on a position...when I feel pain.
It's hard to gauge when you see a institution dump a bunch of shares two weeks before the end of a quarter. Perhaps they are taking their tax loss selling well ahead of the next quarterly call? Perhaps they met the new CEO and were not impressed? Who knows, but my view has been the stock has been in a $3.75 - $4.50 range, and will stay there until the company closes the shelf and communicates some positive news.
Erick might be right on...what I respect, Erick, about your post is that you are agnostic to short or long, but rather where you see value. Good call on the stock. There might be room left on the downside, but this thing now has about a $250 million enterprise value...I hope you are right.
Looks like we had a heavy domino effect caused by stop-loss cleaning yesterday. Another one of those Wall Street manipulation tactics. A lot of folks put their stops in around 52 week lows and if a stock gets near there at the end of the day you'll see 'em run down and clean out those stops - creates some nice bargain buying for someone. Should be illegal, but that's the game. You take out a few stops which creates "more selling than buying" - this drives price down to the next stops - again more "selling than buying" causing another price drop and it repeats until the stops get cleaned out.
I got killed years ago putting stop-loss in around a 52 week lows...the stock was small-cap also and looked healthy at 3:30 pm. I checked it again after the close and the bottom fell out and I was taken out. I felt good about that until it zoomed right back up.
Based on the fact we have no negative SNTA news and the stock bounced back in after-hours session it should recover quickly. Just hate the fact the manipulators shook loose those shares yesterday and took out some SNTA long-term holders.
Sentiment: Strong Buy
She got lucky with Alibaba. I know Marissa and Anne is no Marissa. She is busy with her new friends at BAGLY. Gonna be a good golf day. Heard she is playing The Captains Golf Course just south of P-Town @ 9AM. Maybe she will find Lexington by the end of the month.
Now, modify your post as follows, then maybe you'll understand.
1. Change Anne Whitaker to Marissa Mayer
2. Change Sanofi to google
3. Change "we" to Yahoo
Now read the updated post and maybe you'll see some commonality noting how Yahoo shares are up significantly since Marissa took the helm, even with her extremely lucrative compensation package.
Every time the GUY on seeking alpha wrote a good article about SNTA then it drops like a rock. HE WROTE good article on EXEL and it drops like crazy...NEVER TRUST that guy on seeking alpha...that's why you have to test on every of his article.....The only way to get your money back is
1. BUY CPRX
2. BUY OREX ( 3 insiders bought big)
3. BUY HALO ( INSIDERS bought big)
why it's up??
after FDA approval, it will go up..for example, VVUS, ARNA, ZGNX, VNDA..etc...except MNKD....
Sentiment: Strong Sell
as negative as I've been over the past several months, I agree that now is a good buying opportunity, as well as any lower prices - which may indeed happen due to technical factors. Anyone who was watching the last couple minutes of trading saw a flurry of sell orders just being dumped all over the place - due to technical factors itself.
there is nothing different today than yesterday, or last week.
with a CEO finally in place, and certainty that there will be news on trials coming out over the next 12 to 15 months, and as always the huge backing of Bruce/Caxton at (much) higher prices, again, now is a good time to begin accumulating.
after the year end tax selling is out of the way, bargain hunters are likely to move in and provide a runup into the New Year.
there will be long-timers who sell here and quite possibly lower as they are scared out of their positions looking at a new low. the key is to buyers is not pig out on shares - buy a moderate amount, possible only 1/4 or 1/2 the ultimate position you want, and then acquire more in small chunks should the price go lower - possible at 15% to 20% intervals on the way down. you may not get the full position you want as a result, but you will certainly sleep better at night should the shares go lower before higher.
I did not read any negative press, stock up 1.63% after hours. A good buying opportunity ! This is a marathon not a sprint. Hold your shares and you will be rewarded. IMO 1 year price target $12.50
Sentiment: Strong Buy
are you suggesting that BlackRock or Ra Capital sold big blocks at the end of the session to get cash in the bank and pay the penalty?
I read news about Ra Capital but I don't see the correlation between that and the sell off with big blocks in the last minutes of the session.
Would you mind to clarify ?