Synta Pharmaceuticals Message Board

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Biotech / Medical : Synta Pharmaceuticals

SNTA 0.343

+26.6%

Jul 22 5:00 PM EST

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To: rkrw who wrote (5)	8/22/2007 4:10:22 PM
From: tuck	of 112

I have been averaging down, with my latest chunk at $5.38 just now. The only red flags I can think of is that we were supposed to see a P3 trial start in the middle of the year, and that got pushed into 3rd Q. So did the 1H filing of IND for 9090. The other issue is that they will need to finance soon. Still, with no obvious clinical negatives, why would folks want to bail, particularly if they didn't get their shares as cheaply as in other IPOs? Hope I'm not setting myself up to average down even more, given the above; but these fairly minor delays don't seem to justify the beating the stock is taking, IMO. Cheers, Tuck

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