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Synta Pharmaceuticals Corp. Message Board

  • jfk123_1 jfk123_1 Aug 26, 2013 3:51 PM Flag

    Well hello all! Back from the outdoors and see y'all having fun!

    Looks as if we have some skittish shorts, a bit of short covering earlier today. Perhaps some dissention in the ranks as certain shorts cover and other shorts try to manage the damage by trying to short the shares back down. But still up over 2% with decent volume...we'll see the test of the upper limit of the ascending triangle at 7.10 soon enough, and then we will blow through to 8,9,10 if we move through 7.10 on volume. The longer the shares sit at around this level, the more antsy shorts will become and the more they will post - so don't reply. They will start to cover en masse soon enough. Today's blip to the upside is just a very tiny taste as to how short covering will move this stock up. Just imagine when a couple of million shares cover and the shares are nowhere to be found...

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