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Synta Pharmaceuticals Corp. Message Board

  • bsa3nyc bsa3nyc Dec 20, 2013 1:22 PM Flag

    How to help squeeze

    Have been a long time and significant synta supporter...have been to a few conferences as well.

    The daily trading we see is a manipulation of market makers and short traders. The shorts are betting
    against the house....insiders that control over 45% of the float who have NEVER sold a share, except a few thousand shares under employment contracts. The insiders have been continually adding to their positions
    and many of them have either bought or transferred shares to trusts for their respective families as gifts.
    Check out the actual filings....Kovner alone transferred over $10 million worth of stock last year to trusts.

    The shorts have to borrow shares and can only do that with stock registered in "street name".
    If you are long and not on margin, you can direct your firm to take the stock out of street name
    and into direct registration or paper share certification. If there are any big positions out there that
    would do this, the firm that lent that stock would have to replace it and go out and buy to maintain that position.......if enough did this, that would be a real SQEEEEZE!!

    I believe that we longs will be rewarded long term. It's hard to watch at times waiting for the proverbial
    shoe to drop, but when it happens the shoe will go right through the floor.

    GLTA longs

    Sentiment: Strong Buy

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    • If you are long and not on margin, you can direct your firm to take the stock out of street name
      and into direct registration or paper share certification. If there are any big positions out there that
      would do this, the firm that lent that stock would have to replace it and go out and buy to maintain that position.......if enough did this, that would be a real SQEEEEZE!!

      Sentiment: Strong Buy

    • to your point, if everyone who owns shares, puts in a sell stop limit order for those shares at like 1 dollar Good Till Cancelled, doesn't that also have the same effect?

 
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