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Synta Pharmaceuticals Corp. Message Board

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  • techtrader79 techtrader79 May 25, 2012 8:31 AM Flag

    Calling a SNTA breakout from here.

    The deathcross is irrelevant, Hail is all worked up about it, but I think it's meaningless, arguably it's a very strong contra-indicator that sets a floor at $4. I suppose I could be wrong.

    My bigger concern, is whether the market has priced in good results from Synta already. After all they were very bullish during their conference call, and very bullish during the Deutsche conference. So everyone is expecting great results, yet the price hasn't really moved. Those lofty expectation may impact the stock. So while their is upside, I actually think the downside on news that doesn't meet expectations is greater, at which point the death cross Hail worries about may in fact matter. If the news beats lofty expectations, we get a pop, and then are subject to general market conditions throughout the summer.

    So my prediction, it's near impossible to break that $4 floor, unless the Galaxy news doesn't meet the high expectations set, in which case Hail could end up being right.

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    • Hail is working for the Hedgefunds (just joking). Tech, I hate all of this waiting and right now it appears g-pib has such low expectations that even decent results may lift the stock. I guess snta is a boring stock until lets talk about other things like college, jobs,

0.4066-0.0072(-1.74%)May 3 4:00 PMEDT