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Synta Pharmaceuticals Corp. Message Board

  • syenfrout syenfrout Jun 22, 2012 11:03 PM Flag

    Getting ahead of yourselves

    Nice run, but you guys are getting ahead of yourselves. Phase II interim results not even out yet.

    And last I heard they still have only enough cash to last into the first half of 2013.

    So far, so good, but this is by no means a slam dunk.

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    • You might be syefrout, but the last CC on Synta's website was about the most positive I've ever heard. In this case, I'm glad I'm in before the results get announced. I think they'll be outstanding.

    • I don't know if this buying frenzy is short covering, institutional buying, or someone having inside info which is what happened in the past with synta and failed eleschomol trial a couple years ago.
      That 1 million share buy at the very end of the day is very interesting and that seems like positive news is going to be released. Can' wait until Monday.

      • 1 Reply to pyramidhunt
      • There were some nice sized buy trades also after hours. Yes why would someone buy over 1 million shares, that is a great question. That is a lot of money. As I have been saying, looking like someone wants in on this stock. Yes that 1 Million plus share BUY was great, but let us not forget about the HUGE volume the past few weeks. Millions of shares have been traded. Anyone else see the trading on Friday, we were trading somewhere like $7.15 then pow we ran up to $7.24 so quick, then we had some sellers take us back down to $7.14, ( also could of been stop loss orders ) then pow right back up to $7.24. My point is we ran up so quickly. I do not know about the rest of you, but I am holding onto my shares.

        Always do as you feel, not what you hear

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