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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • zerosum88 zerosum88 Jun 21, 2013 3:55 PM Flag

    Trading is actually simpler than what you think

    Just follow the big guys.

    I pulled out insider trading. Kovner Bruce bought so much recently. He bought over 2 million shares at $8.6 last year, and just this month alone, he bought 500K shares, 700K shares, then 200K shares.

    Not saying all hedge funds make money, but I can assure you Kovnor Bruce will take whatever it takes to push SNTA over $8.6. I have seen this hedge fund buying pattern so many times, and never fails. Kovnor does not want to lose money on his purchase of SNTA, period.

    Unless there are more significant bad news coming, I am pretty sure we will see SNTA $8.6. I bought more today.

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