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Synta Pharmaceuticals Corp. Message Board

  • fery_do fery_do Aug 16, 2013 10:36 AM Flag

    optimistic points

    institutional holdings increased more than 30 milion shares, most 30/6/2013
    institutional holdings decreased or sold-out - near 6 milion shares, most 30/6/2013
    =institutions buying like crazy on lows. Not only insiders. Some institutions sold 6 mil., another 24 mil. must sold retail. Then retail buy some on 7 and now they bleeding again.

    Other things doesn´t change – primary completion of ENCHANT in september, insiders doesn´t sell, breast cancer is much bigger play than lung cancer and many eyes now watching SYNTA. This is great for normal investors and trading between 5-7 in next few weeks is not trouble.

    But July 29 margin buyers will suffer, shorters will cover and investors buy more, expecting september news.

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