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Synta Pharmaceuticals Corp. Message Board

  • jfk123_1 jfk123_1 Sep 5, 2013 10:48 AM Flag

    The way this works

    Shorts are going to double and triple down to try to make sure that a test of 7.10 fails, or better for them, a test never happens. That is why we sold off from the high of the day after making a print of 7.19 in pre market. But just remember that the longer this stays above 5 -- loads of shorts below that price - the greater the incentive to eventually call the short trade out of the market. We should move up towards 7.10, and then we need a very high volume day with a close of 7.30 or better to move on to 8,9,10+.

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