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Wait and see, Predictor...within a year or two, this message board will be booming. Synta will be at least $20 per share, and then it will double or triple from there, when everyone is talking about ganetespib, realizing the massive potential of a viable hsp90 inhibitor.
Yep. I have 3 large biotech positiins. Synta is the largest. However, I only need one to hit!! I predict it will be ganetespib, which will be one of the most important new cancer drugs in this decade.
Bosie-I am trying to reply to your post about owning 2 other biotechs but these new,sucky boards won't let me.
What else do you hold? I own a bunch of FOLD as the CEO has done some great stuff and I like his track record. Also hold some ARNA.
FOLD is very interesting. I'll look into it. I had some ARNA from $2.50, but sold it recently, as I think the big money has been made already, although it could still do quite well.
I basically try to invest in biotechs with new-mechanism, first-in-class drugs that have major home run potential. Why take the risk without a potential huge reward? I dont care so much about company's pipelines-- it's about that ONE potential big drug they are working on.
So my major investments are in SNTA, THLD (TH-302), ZLCS (Z160), and GALE (Neuvax).
(GALE is kind of a pipe dream...lol. It's like hoping science fiction becomes reality. So while I hope it works --for mankind's sake--I'm realistic about its chances. It's like owning a lottery ticket-- get rich quick if it hits, but dont expect it).
If either ganetespib, Z160, or TH-302 works, I can retire. (Z160 is a new-mechanism, only-in-class pain medicine, as strong as morphine, that could replace opiods and profoundly change the practice of medicine, if it proves viable.
However, my biggest bet by far is on ganetespib!!!!
Once again there is no reply button on your post (I hate these new boards)regarding your holdings but I agree with your strategy. Buyem' when the reward is huge, even though the risk is bigger. Get a basket of companies and look for that one home run that will set you free.
THLD looks very interesting and I am going to pick some up tomorrow.