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Synergy Pharmaceuticals, Inc. Message Board

  • itsahorserace itsahorserace Oct 2, 2013 3:34 PM Flag

    Back In The Shorts Comfort Range

    Here we are again, pinned at $4.60. Right where they want us. We were held at these levels for a while before the last run up. I have basically concluded that to take us down further is too expensive for them. At this level I think they don't feel the need to drive us down, but don't want us going anywhere either. You start to see all these weird sawtooth charts where we move around $4.60 by a few cents up or down but magically seem to end up at, you guessed it, $4.60. Pardon me, if volume is extremely light for the day they just might take it down. These guys are very opportunistic. On run ups, when the volume becomes too expensive to shut down, they let it run a bit, then as Muchshorterthanu noticed, when volume drops off (like at $4.90) they bring it down quite cheaply. One day there will be news. One day these guys will cover. One day this stock will find its true value, whatever that may be. But not today.

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