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Synta Pharmaceuticals Corp. Message Board

  • neiljneil neiljneil Apr 21, 2014 2:21 PM Flag

    Getting ready for take-off...

    I could not free up any more money today to buy more SNTA but I can live with it. I see we have entered the runway. Get ready....

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    • As I mentioned earlier,SNTA broke out on 4/10,but gave up all gains from 4/9.
      SNTA will need a little more volume which will be provided by shorts covering and moving on to their next target......or covering and then buying shares to hold long for speculation..This will create a snowball as the shorts try to avoid losing all profits,volume escalates,and momentum traders jumping in.
      SNTA,after breaking out on 4/10,has been retesting the lows as the shorts try to wring every last cent from it.
      If we do not see a breakout on 4/22....I will be surprised but at worst,breakout is in the next few days and should see resistance @ $4.62.....slow or fast...I do not know
      If it breaks out in a few days,I see analyst projections of $13-$23 happening within the year.
      The macro 3rd wave up
      In other words....positive news about Ganetespib

      Sentiment: Strong Buy

    • snookgum123 Apr 21, 2014 2:36 PM Flag

      A very very slow run way.... Can we compare this to the turtle and the hare?

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