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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • njtannous njtannous Oct 27, 2013 3:27 PM Flag

    buy sell or hold

    What do you guys think? Ive heard both sides obviously depending on which side of the trade you are on. Nothing crazy please? Glta

    Sentiment: Buy

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    • This update is good enough for a long like me. The results are not blow out, but good enough to hold the confidence of big longs. The worry I had was a complete fail Galaxy-I and discontinuation of Galaxy-II. The shorts need a complete fail so the longs have a panic selling. Right now, the risk for such a screw up is removed. The longs can sit safe with their shares. It is time for shorts to be like ants in a hot surface. They need a catastrophic event from the company to get out of the trap. The longs just need steady good news to hold the defense line.

      My strategy as a long term investor is simple for tomorrow. If the price opens high and close higher, I just hold and wait for 20+. If the shorts continue working hard to dump more shares, I will feel comfortable to increase my positions under 7. When the shorts interests are over 20 million shares, a price to 50+ is not a dream in near future.

    • -33%

 
SNTA
2.18-0.02(-0.91%)Jul 2 4:00 PMEDT