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Synta Pharmaceuticals Corp. Message Board

  • apachefogg apachefogg May 1, 2014 7:19 PM Flag

    Half right.... half wrong

    Higher lows...not a higher high..Intra mid day higher.
    Doesn't matter.SNTA has broken out.Shorts are trying to ease out.
    Some are thinking they might hang on until E/R.A huge amount of float will have to be covered.
    Volume will break it to the upside....not downside
    Obviously JMHO with past MB posts included.
    Those that are selling on the highs and buying back on the lows.....good luck
    I would not want to be in a short position or counting on too many retracements
    One more week.

    Sentiment: Strong Buy

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    • pls explain how you arrived at $20 target within next year? also are you concerned that it is now hovering near PSAR and that breakdown below 4 would signal PSAR breakdown? TIA

      • 1 Reply to who_gnu_1235
      • I have explained in previous posts that the macro 1st wave started @ 10/11/11 at $2.99 and ended @1/29/13 @$11.88.....Drawing a trend line from those points,the projection goes well beyond $20,although graph limitations do not allow me yet to see where it goes to.Yes,if it finds a lower low than on Fri,that could indicate (on a micro level) a breakdown with the parabolic SAR.....not a huge deal.On a macro level,the price would have to fall below $3.69 for a breakdown.IMO,that will not happen and there will be substantial news on 5/8 to create a short squeeze,making the 3rd wave up obvious.
        All JMHO.....with adequate money invested.

        Sentiment: Strong Buy

    • not me I buy on lows and sell on highs only on day trading account not on my core position but I could use the good luck

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