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Synta Pharmaceuticals Corp. Message Board

  • apachefogg apachefogg Apr 14, 2014 7:25 PM Flag

    SNTA moved up eight cents from Fridays low on Mon. premarket

    Yet it threw a doji star which indicates a reversal.(Bulls vs Bears)
    IMO,this reversal is signaling an upward trend....not down.
    I have studied and used Elliot Wave for over 10 years years and found it to be very accurate but sometimes you can lose count.
    On 1/28/13 SNTA reached $11.80.....1st wave up
    It has been in a down trend since.It bottomed out on 11/13/13.
    The macro 1st wave up topped out on 2/24 and has been in a downtrend since.
    Assuming SNTA does not break below $3.84 on 4/7/13 (I do not think it will),it is intact for a macro 3rd wave up which can last for many years and take SNTA well past $20 in a year.
    Much higher over several years.
    Regardless,as I mentioned in a previous post,I was looking to make money on price fluctuations but do believe this stock will surpass all expectations with patience.
    I am a long term investor now....GANETESPIB
    Insiders and institutional funds hold @ 85% from what I can see.
    That leaves a small amount of float which will make the price run when further news is announced and shorts start covering..........Billionaires are not usually foolish in their investments.
    When it will happen?I don't know but I feel certain the process has started.
    SNTA only needed $5MM to insure solvency or increase R&D to facilitate news.
    Makes you think,doesn't it?

    Sentiment: Strong Buy

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