No point in hiding from the obvious. I was wrong. I did not think that Synta could rise above $5 on ASCO bump in these circumstances.
Unfortunately, I was not spectacularly wrong enough to get my order for 20 cent puts filled, so I've no way of profiting from this disconnect to reality yet. Gold is comforting me as best it can.
Congratulations to all longs that sold for a profit. Just remember that Wile E. Coyote cannot hover above the canyon forever. Sooner or later, he's gotta look down.
A POS is always a POS, no matter what some people are willing to pay for it.
With the benefit of hindsight, I think that hedge funds are losing so much money that they are desperately chasing momentum wherever they can find it. That just happened to be Synta, and took what should have been an ASCO run to close to $5 to insanely high heigts.
I suspect the smart ones traded out for a nice profit. The dumb ones...well, they'll get what they deserve tomorrow.
Wow see what 28 years of marriage does to you. You are on the message boards 24 hours. Ha Ha Ha Ha. But your right he is on this board way to much, THAT'S the reason I do not listen to anything he has to say, about SNTA. He has an agenda ( LOOKING OUT FOR HIMSELF ONLY ). He could careless about anyone on this board, IN MY OPINION.
Only joking there are a lot of happy married folks out there.
Always Do As You Feel, Not What You Hear.