..."you can bet Jefferies did significant due diligence"..... You are aware that Jefferies sold 600 million of MF Global bonds--3 months before MF Global blew up? Some due diligence there. Never assume that someone else has done the hard work.
Mr. Hailstorm, I respect folks who have opposite views, and I can often learn from them if they have a rational argument and not silly immature comments. I am long this stock based on the potential of Ganetespib, period. I don't care about your macro economic views of the world, many which I agree with. I don't care about the failure of a past Synta clinical program, as the best biotech's and big pharma's of the world have had duds. I don't care about you mocking and marginalizing the insider buying of one director.
I care about Ganetespid, as most longs do. So I would be very interested if you can provide a serious, detailed and scientific explanation on why you think the Ganetespid program would fail. Thanks.