Sure, prices dropped on low volume after hours based on ignorant traders who have zero experience in the markets and those kinds of people make money for the rest of us since they trade based on emotions and can't help it. They were terrified per public offering as if it would be 10 cents a share or some silly thing but it is subjective news not objective since has zero to do with PPS going forward. It could have an effect short term lower or even HIGHER but those of us who trade with zero emotions do not get mixed up in it or care since we have been doing this for almost 34 years and have seen it all.
SNTA will be at $18 next year but not sure what point.
Looks like some of you were wrong but I have been in the markets 33 years. I'm not here to brag over a little money on a stock. I lost every dime I had in 1980 just starting out so I am here to remind posters who are new to the markets to stay away from daytrading system scams since everyone is using the same thing and to spend a full year with a pencil trading on paper only. Learn everything you can about the markets, charts and including social psychology of how people react in markets before you start and never use money you cannot afford to lose. To go long without risk make sure you trade around your longs to pay for them to hold without risk.
I predicted this stock going up for logical and objective reasons and have not lost money on one stock in 18 months.
" They were terrified per public offering as if it would be 10 cents a share or some silly thing but it is subjective news not objective since has zero to do with PPS going forward."
Well, junior, a "share" is a portion of the entire company.
That may be tricky for you to understand, so let's compare Synta to a pie. The entire pie is worth $10. If you cut that pie into five pieces, what is the fair value of each piece? $10 / 5 pieces = $2 a piece. Good job junior!
Now, suppose we take that same pie and cut it into 10 pieces instead of five. You don't have any more pie, just more pieces of pie. What is the fair value of this slice of pie?