Galectin Therapeutics Inc. (GALT)

[123tom]

Crunch time now for GALT hitting 3 dollar Bottom today.

You had to know it was targeting this magnet. here we are now. showed NO strength or support anywhere above ...it just slid on down. Whether 3 dollars becomes a magic line that holds now....we better pray and pray and pray. It would be a new level of price collapse if GALT goes lower from here.

In the past few months...we saw GALT making small mediocre efforts to rally up towards 4dollars.... no strength, like an old man trying to climb up a hill. A show of strength would be to see GALT make a good bounce from this 3 dollar again....is today a 'good bounce' hardly...so far. Remember last year when GALT would bounce a dollar at a time???? where's my GALT investment gone to? remember when it was 19? when it was 17 15 16 ? I was saying look out here , this is a top zone for GALT. I got yelled at by a few. But even I thought the "Bottom" would fall to settle around 9 or 10. so I was wrong too.

Now, this 3 dollar bottom is the place where management needs to come out with some good news, something positive, or else GALT risks collapsing from here if 3 dollars breaks down.
The last 'top zone' is the 4.50 zone....a (sometimes typical) 50 % haircut from the 'top' would give us a target zone lower from here....around 2.25.I think that would be the next target down for a failing GALT.