You are cluttering up the MB,you are ignoring the new model that possibly states the elimination of jobs was in R&D and SGA is being focused on.We have to wait until Q4 announcement for further information.To me,this would seem to be the case rather than a necessity of trimming down (which may also be necessary for cash burn ....enough cash through the end of 2015)
Many are ignoring that Whitaker,when appointed,stated that her intention was to make SNTA a world class global oncolgy company.IMO......that was the BOD's intention through partnerships and the existing and future pipelines and why she was hired ....later accompanied by the hiring of the CFO and COO whose function is to place together financing through partnerships.....not through stock sales.....Cutting back R&D ....focusing on SGA.
Another posted had commented on the number of new patents.That is great for the pipeline.
We all know Whitaker can only work as quickly as the puzzle pieces can be placed together.
Clougher is a basher trying to get any and all to sell and has nothing useful to say.
If Q4 announcement does not offer new positives that will move the stock price,I will be surprised.
For now,clougher is on ignore.
It is a great feature that eliminates MB clutter.Try it,you will like it
Sentiment: Strong Buy
Synta Pharmaceuticals Corp. (SNTA)
Median target: $9 (+289%)
Positive ratings: 57% of 7
$2.31 -0.10 (-4.15%)
Feb 09, 4:00 PM EST view details
7 days 30 days 90 days all time
MLV & Co
Sentiment: Strong Buy
Uh...you will be waiting a very long time for that to happen if it ever does
Funny you say this - they probably are accumulating some shares. One of the old brokerage games is to reduce the target price, but maintain the "buy" rating. They keep the buy rating to be "above board". But they reduce the price to help keep the price and optimism a little down so they can go shopping and buy some shares. No need to worry - once they get their shares they will "out of the clear blue" raise their target price and many times raise the rating to something like "outperform". Why? To cash in.
The whole system should be illegal because they can simply change things up or down and DO NOT have to give any reason at all.
Now I am long-term holder of SNTA and felt toward late 2014 it would be a LONG time. But there have been a lot of encouraging signs that SNTA will have a big run up... sooner instead of later.
1. New CEO - one that is geared toward M&A and partnerships in pharma
2. The next level of management replaced by two folks that also understand partnerships, M&A and the world of pharma
3. This recent reduction in employees - clear signal that we are going to not only conserve cash but our days in R&D are in the rear view mirror. We are now focusing on product development
4. Insiders have not been dumping shares. AND they have not been buying at these low levels either. Obviously any significant insider purchases close to big news releases would not go well with the SEC
5. Whitaker said in her recent statement when the reduction in workforce came "The next several quarters hold tremendous potential for bearing out the value of our pipeline" Folks she did NOT say over the next few years - she said THE NEXT SEVERAL QUARTERS.
Yes, SNTA cash flow is coming to a critical juncture but t appears that the big play will be coming before this point. All the players are in place, the product is now known and close to release...the GAME IS ON... SOON.
Sentiment: Strong Buy
same here and it if dropped below 1.73. I will wait for $1.00. This is how the system works
This is how the MM's work. I have no skin in the game yet, but waiting for you longs to get squeezed so I can buy under 2. Around 1.73
means nothing. I like the pumpers to tell the stock what to do. Look at the technicals
this Snta is not a buy, You want to buy and hold go for it, but don't hype the stock with
hopes... If some news was out there the stock would be firming up and it's not.
Extremely unlikely... Get real and stop talking like someone who has no clue about this stock or the market.
Meaningless for now. If you want to buy and hold for at least 6+ months? go for it!!! Dead money for now.
wow that ANIP must have been a really good buy specially if u entered the stock in 2012 or so