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Synta Pharmaceuticals Corp. Message Board

fundmanager56 2 posts  |  Last Activity: Jul 28, 2015 2:57 PM Member since: Apr 1, 1999
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  • fundmanager56 fundmanager56 Jul 28, 2015 2:57 PM Flag

    Manipulation is what someone else does that causes you to lose money. Savvy trading is when you do the same. Enough! By definition a market maker makes a market--duh. That means that he is willing to sell on the offered side of the market and buy in the bid side. AT ANY POINT HE IS INDIFFERENT TO THE "MARKET" AND IS PROVIDE YOU OR ANYONE LIQUIDITY FOR A PRICE, WHICH IS THE SPREAD BETWEEN THE BID AND THE OFFER.
    If the spread is say 5 cents, and he turns his position 10 times a day he makes $0.50. Makes or loses a little on vol and while you are whinning he pockets a half point day in and day out. There's a saying, "keep silent and the world may think thee a fool or speak and remove all doubt..."

  • yahoo says the short is 25% of the float, in itself huge but if you start adding things up you might have a float (the number of tradeable share) of 5.5MM and 6.4MM short. The net is anything positive even on the small drug approval could send the stock theoretically infinitely higher if the holders like Fidelity don't sell and or pull any they have lend out. Actually I have been involved in short squeezes in the fixed income area one that was a short where traders shorted EX EM bank bonds that were a fail to maturity. Ugly. With LXRX it depends on whether the dealers will let the shorts fail and not force a buy in. I believe from the trading pattern both up and down looks very much like shorts being pressured to cover but not forced buy-ins in a big way. Hence the run up, pull back, run up, pull back. But if positive news, all bet are off and up we go....

2.12+0.02(+0.95%)Jul 31 4:00 PMEDT