....oh yeah, ....thats what yesterdays excuse was for silver and gold and whatever else they want to explain why certain things took a plunge/
I might guess youre being sarcastic saying that, I hope you dont really think that was the real cause..
but, in gold and silver , they really are trying to explain it away like that.
wall street Its all a rigged casino ...I think most experts are all saying that at this point.
The tricky thing now about owning biotech stocks in this kind of dangerous hyper bubbled overbought stock market...thats just waiting to get crashed.... is that we have some good successful biotech companies moving forward, like all is well, and their position in this stock market is normal ,and there should be nothing to worry about as our precious biotech stocks become 10 baggers as soon as we get a deal with China or India, or FDA approval, etc..... but Thats all happening within this stock market phony bubble system....and it will likely crash at some point .....before our biotech becomes a 5 or 10 bagger. .
GALT already made its first 10 bagger when it hit 19 dollars. or even 17 dollars. . Folks who bought at 1.70 shoulda taken their gains and got out there. I only sold a little bit.
But now, and in the coming year of continued chaos in the world..... waiting for the next black swan.... how many rallys might we get from now to then, that one can trim profits, and raise dry powder, to prepare for the Crash.
so that we can rebuy GALT at 1 dollar again.
This weeks price action caused by ali baba.... no. next weeks price movement caused by..... Krispy kreme donuts (KKD)....no.
Janet yellen warns us a few months ago about a biotech bubble?....no. the bubble goes back up again... maybe she will warn us again soon...maybe she will be right next time.
maybe the next plane that gets shot down, or the next big city that somehow has an ebola outbreak.... or maybe ali baba will collapse and down goes GALT..?? its all baloney in this rigged casino on wall street.
sorry,that I'm writing a rant. I didnt mean to.
Yes, ...its ali baba.
I will seriously consider trimming some more GALT profits in the 7.50 area upon the very next rally wave . and if it extends to 8 dollars ,I'll sell a little more. and if it gets back to 10 or 11, I'll sell a little more.
IF it falls now to 4.80 again....will I buy more? not sure. Maybe I'll wait and see if it falls to 4.
