“Santa” Season is Back

After a year of essentially doing nothing, developmental pharma company Synta Pharmaceuticals suddenly took off over the past week.  I mentioned it a year ago when it did the same, as if the symbol SNTA was somehow getting a holiday season boost.

Naturally enough, I took profits too soon, leaving nearly a thousand bucks on the table.  At least I didn’t chase the calls up trying to cover.  I’ll wait for them to trade near their inherent value, since they don’t expire until early next year.

Still, I can’t see why this stock does nothing all year, only to come alive around Christmas time.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: