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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • sschwartz629 sschwartz629 May 24, 2013 6:15 PM Flag

    short interest

    How could the shorts increase while the stock went down 30 percent
    you would think they would have covered
    are the options a hedge?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Stock behaves badly and shorts are piling on. Keep in mind however, the nearly 1/3 of the float is now short. So, shorts better be right. If wrong, there will be a TSLA like short squeeze. There will no supply of stock if data is good.

    • Yowzers. 2.6 million share increase when it's way off it's highs. Shorts are notoriously crooked. You don't have to like it, but to ignore it is a fool's errand. It doesn't bode well for the longs.

      Sentiment: Strong Sell

      • 2 Replies to jcmoneystox
      • Wow, you need to get a grip on reality jcmoneystox,

        {{2.6 million share increase when it's way off it's highs.}}

        Shorts are as wrong often as they are right. The shorts went way up when ONXX had their drug Kyprolis up for approval, and the shorts got burned badly.

        {{Shorts are notoriously crooked.}}

        No they are not crooked. Naked shorting is vile and crooked, but traditional shorting is just part of the market.

        {{You don't have to like it, but to ignore it is a fool's errand. It doesn't bode well for the longs.}}

        I don't care one way or the other. Why should I care? Only a fool places faith in people about whom they know nothing, and as I said, shorts are wrong as often as they are right.

      • jc, since you think the shorts are right, how about you sell some naked calls and and use that proceeds to buy puts. put some money where your mouth is or are you just all talk and no substance?

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