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Synta Pharmaceuticals Corp. (SNTA) Message Board

  • michaeldean802 michaeldean802 Aug 1, 2014 11:31 AM Flag

    What has changed to make you sell your shares?!?

    And ask yourself, why did you invest in it in the first place! You see, it doesn't make sense. Patience is the key!!!

    Sentiment: Strong Buy

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    • Good discussions.

      Best I can read is there are a lot of shorts (got to remember short interest WAS 20+%) that had their cover orders placed to trigger in this range. This would make perfect sense. If you look at the long-term chart on SNTA then "below 4" is a safe place to cover. I have done a lot of short selling (not on SNTA though) and this is exactly what I would do. Take the opportunity of the market down swing and SNTA cracking below 4 to cover my short. BUT the very interesting thing is every time it goes down there is HUGE volume waiting to soak up these shares (hence the large volume today). So it appears two groups are taking advantage of the day -- shorts are covering and the BIG investors are taking these shares off their hands.

      And then we are back to supply-demand. The supply of share available from the shorts will dry up and up we go.

      Yes, there a few panic sellers too - BUT WHY? These prices are what they were several years ago - this makes one have to ask - "Isn't SNTA a heck'uva like better company today that it was then?"

    • Hopefully SNTA will provide details on the most recent news regarding ganetespib and we will see a nice boost in stock price. More importantly I hope that the details lead to an uptrend with feet.

      Sentiment: Strong Buy

    • Buying more on the dips.

    • I'm holding 70,000 bought at 4.20. I'm not sweating it, I'll hold for years. Their drug is entering stage 3, FDA approval is next. With Kovner running things, a buyout is imminent. No sweat.

      Sentiment: Strong Buy

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