I have personally suffered with multiple biotechs & techs running to < $1.00 USD. Some went Chapter; some were sold pennies on-the-dollar.
I figure GALE to end up around a buck and pennies. Then, a few bounces unless there is either bad management news or even bad rumours. Rumours = reality.
Finally, a recovery.
Note: a recovery from $1.00 to $2.00 is 100% gain for someone.
cl.
I am neither short nor long; will probably go long in a month or so.
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