Galectin Therapeutics Inc. (GALT)

[biotech2010]

I look at Level 2 quotes often with GALT and it seems like the selling pressure, at least for today, is off or significantly reduced.

About 20 minutes ago there were about 6 MMs offering shares at $4.60, the total number of shares offered were >20,000. There was only 1 MM (EDGX) showing a $4.59 bid for 200 shares. Normally you would expect that to take the stock down, instead it's moved up a little.

This sell off is so way overdone it's ridiculous as nothing has changed in the company other than screwing the pooch on the way they reported the Cohort 2 results-as I mentioned the other day I doubled down on my GALTW holdings this week, bought 7285 yesterday at an average price of $1.92.