He could have called me, I would have kept a couple thousand more shares.
Didn't you post a couple days ago that the data was well received and the market over-reacted?
Now your saying that Ganetespib (an Hsp90 drug) is doomed to fail.
Sound like a contradiction.
Your kidding.
3-6 months in advance means October at the earliest using your March 2014 date.
After losing half of their market value in 4 days, I would think there is little interest at this point,
I bought HON 3 years ago, it up 100%+ since then.
Yeah he showed up after it dropped to say he shorted the stock.
They don't need money soon, unless you don't believe management. They have enough cash to last into first half of 2014 (may be that's soon in your book).
Looks like I shouldn't have keep any shares at this point.
You said you covered at upper 4s and would wait for a dead cat bounce to re-initiate a short. Since there was no bounce and you didn't post your new short position, I'd say your full of sh..
Purged most of my remaining shares. I think I'll still hold a little.
He's just mad about all the money he's lost in Vical.
What "unoffical ways" are you talking about? Fraud?
Ramachandra didn't make anything but his salary for 6 weeks. He wasn't there long enough to be vested in his stock options.
I agree, the market in-hole has benefited from the central banks policies. I've got a positive return from my investment in SNTA, that's more than I can say for some of my other holdings over the years.
Just cause you keep saying they're going bankrupt soon doesn't mean it will happen.
They stated that they were going to focus on Ganetespib as a combo drug so any mono therapy results will be meaningless unless they are excellent and the fall is a long way off
Too much bad PR out there now. Hopefully it stabilizes.
I've been in the stock for 3 years and was fortunate enough to get my initial investment back out. That said, it still stings taking a 40% haircut on "good' results.
Why, your not short anymore. You covered in the upper $4s.
Well if you guaranteed it then it will definitely happen.
Give it a rest.
I hate to think were it would be at if the phase II results were bad.
Nope, SNTA is down over 40% since reporting positive phase II results.
End of 3rd quarter right? That's not close.