If you own SNTA or any small biotech all you can do is hold 'em and wait for trial results with fingers crossed cause all of them are a #$%$ shoot at best.
Sure I don't like it when the stock trades down but in the scheme of things, like all biotech, we have all made a bet on a long shot thoroughbred with the hope of a big payout. That is the plain truth, no matter how much we believe that that the company will succeed.
My bet is made because of the insider buying and Mr. Kovner but we all have to realize that he too can be wrong. Just gotta hope he's not.
I find it amusing when idiot day traders ask longs how they feel after a stock drops or rises on no news. In the case of SNTA, it is irrelevant. What I care about and am concerned about is how clinical trials pan out. The rest is background noise while we wait for data. I pity the day-traders as their lives and financial worth revolve around moment to moment stock fluctuations. How truly pathetic.