Fear and greed are stilll the emotions that drive capitalism and the market
Nothing concerning SNTA's prospects have changed.
The price is down on no news for the last several days.
Hedge funds own a good bit of SNTA.Their purpose is to make money(DUH!!!!).
Why not short the heck out of the millions of shares they own?As they have been successfully doing.
Timid (momentum players) investors have stop losses.
Hedge funds drive the price further down on that,profit on shorting and can manage to buy back at lower prices......further enhancing future profits.
The future looks dim,where as in reality(IMO),the hedge fund are loading up and easing out of their short positions.Right now momentum is in a down trend.
If you believe in the multiple applications of Ganetespib,you are an investor and stay the course or buy more.
If you are a momentum player,your stop losses took you out.
I have been buying(having to sell stocks that I do not want to sell) because I believe in the product.
Those that buy at the top are ruled by GREED.
Those selling at the bottom are ruled by FEAR.
One must have conviction in their investments.That is where the money is.
JMHO.....but I believe short interest will be much lower(and the price higher) by E/R.
The price will follow the news.Let's see what happens.
SNTA has adequate funds until mid 2015.