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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • knewcomer1 knewcomer1 Aug 15, 2013 9:30 PM Flag

    Caxton Corp purchased 23 mil shares......

    Caxton was founded by Bruce Kovner. He is gaining control of SNTA.

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    • He left Caxton in 2011. Perhaps the line of communication between Kovner and the Caxton CEO is still very strong and SNTA is looking good to both. It could be a control type scenario in which Kovner is attempting to take the company private....but.....the huge institutional ownership will probably direct the shares to sell at a much higher price, (in the event of any sort of buyout).

      There is possibly something in the works....perhaps a partnership or buyout. The confidence level of institutions/mutual funds and insiders is VERY HIGH. The fact that market manipulators are controlling the price is not surprising because it seems that institutions are trying to buy up as many shares as possible. This makes me want to hold onto my shares that much more. T

      his stock is going to be a homerun for all of us longs....and we will reap rewards in the long run. I feel that the high level of buying that took place in the last rally (20+ million shares in one day) indicates that the growth in the price per share is soon to come and it should be pretty strong.

      Good luck longs....this one looks like a winner!

      Sentiment: Strong Buy

 
SNTA
4.01-0.02(-0.50%)12:53 PMEDT

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