Wow, the Seeking Alpha shorts and their masters must be really smarting after the SNTA stock rise yesterday. They launched another worthless and misleading hit piece that mirrored the same BS as the one the other day. This one was a bit more childish.The new idiot actually posted that if all 15 patients had a tumor response then that would be news. Wow, that is truly absurd to hold any drug to that standard, especially after a short term treatment.. If SNTA rises again today, will there be 2 more hit pieces later today, or will they wait until tomorrow?
CLDX today announced that an early review of 25 patients in their phase I Glioblastoma trial was positive, so announced that they are expanding to add up to 75 more patients. They did so because the positive early review triggered trial expansion, so it was a material event for shareholders. Does that sound familiar? What is obviously different is the absence of the hysterical reactions by Feuerstein and burned shorts like the Seeking Alpha morons who wrote their pathetic hatchet job attack pieces about SNTA expanding their ENCHANT-1 beast cancer trial due to positive early data.
We are so fortunate to have such a respected publication as Seeking Alpha protecting us from Bruce's purchases of Snta to hype the stock. Thanks to SA for alerting us to the fact the data is not significant, and flawed. I'm sure that we will soon SA being sold next to the National Inquirer at the supermarket checkout. They are a great model for jouralistic excellence. Certain they will be required reading at leading universities.
Bring on the naysayers and nonbelievers as this does nothing but add to the short selling that will ignite SNTA shares should the trials be positive, which I believe they will.
Again, Kovner would not be in this stock unless he thought he has at least a puncher's chance at making a nice score. What he has invested relative to his net worth means absolutely nothing. If you read about him he was NEVER a big believer in going "all in" on any position and his bet on SNTA is true to his investing style.
Long and strong and all day long.