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Synta Pharmaceuticals Corp. Message Board

  • jfk123_1 jfk123_1 Aug 17, 2013 12:34 AM Flag

    Float 41m shares, Caxton & Kovner 29m shares, 16m shares short...

    Shorts are already borrowing shares from Caxton and Kovner. Caxton and Kovner can start a squeeze just by calling in the lent shares. Or they can wait for news that makes the shorts try to cover en masse - which will technically be impossible unless Caxton and Kovner give them shares - for which they can name their price. You have to be a complete idiot to be short.

 
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