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Synta Pharmaceuticals Corp. Message Board

  • jfk123_1 jfk123_1 Sep 10, 2013 10:17 AM Flag

    Well, here is the view

    A) we have some active shorting this morning, combined with MM taking out stops, b) set up for tomorrow as a near term catalyst, c) intra day reversal will be a key bullish sign if it occurs, especially if we move towards 6.90 from here. Not surprised to see shorts defend their position here given the technical move recently and tomorrow's presentation. Shorts will not want this to close at or near the 7 mark which is the top of an ascending two month triangle and a clear set up for a break to the upside on big volume. Will watch the intra day today with interest.

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