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Synergy Pharmaceuticals, Inc. Message Board

  • itsahorserace itsahorserace Jan 29, 2013 5:52 PM Flag

    Short Sellers

    Looks like they just wanted to keep the price from going up today. Too hard to drive it any lower. Think they met resistance at 5.60. Any thoughts on this prognostication.

    Sentiment: Strong Buy

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    • there are no sellers at these levels so they have no volume to the downside. As I've stated we moved up 200%+ on 28 million shares and down 15% on basically 1 million shares. So at these levels they are just selling short and buying back their own position during the day.

      There is no panic selling. call me when we drop $1 on 5 million shares because those have been the equivalent up days over the past few months

      Sentiment: Strong Buy

 
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