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Biotech / Medical : Synta Pharmaceuticals
SNTA 0.343+26.6%Jul 22 5:00 PM EST
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To: kenhott who wrote (25)10/10/2007 8:53:43 AM
From: rkrw  Read Replies (1) of 112
 
snta had telegraphed to the street and investors to expect a major deal this year. So the recent run up can all be attributed to that.

I won't be surprised to see snta go down or today, people who bought for the deal selling on the news plus people shorting on the news. Similar to what happened to Ariad after the Merck deal.

ph3 results setting up as a huge late 08 binary event. Bound to be a lot of skeptics and short sellers in anything melanoma.
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