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Synta Pharmaceuticals Corp. Message Board

  • davidsandler123 davidsandler123 May 30, 2013 4:53 PM Flag

    Market action in SNTA

    I do not believe that the downward pressure on the stock over the past 3 weeks in any way reflects sellers trading on accurate information disappointing results will be reported in the upcoming ASCO presentation. Hedge fund titan Bruce Kovner is a major holder and board member (Chairman?), and undoubtedly calls the shots at SNTA. There is no way he'd tolerate leaks about the results that would undermine his holdings, and he has the power and means to enforce security. Doubters and short sellers are entitled to weigh publicly available evidence and make negative bets---that's what makes markets---but it's just their OPINIONS. My OPINION is neither the longs or shorts will know where things stand until the ASCO presentation, and that's how it should be, though rarely is in the corrupt world of biotech.

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0.343+0.072(+26.61%)Jul 22 4:00 PMEDT