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Friday, 05/07/2021 10:43:34 AM

Friday, May 07, 2021 10:43:34 AM

Post# of 707659
Haven't posted a lot recently, but still following this board regularly.

I hope that most of you are not setting yourselves up for disappointment by your predictions that something will happen shortly. It might, but if it doesn't happen by ASCO, I have a feeling that the air will go out of your balloon. We have a successful trial and we will get there when we get there.

The daily SP is being kept down by a lack of new retail investors and the current slew of supportive investors being overloaded with little dry powder left. There seem to be a steady supply of shares available, which in my opinion is based on warrant holders who have exercised and who are covering their initial investments. Most of these warrants are 4-5x in the money, so it's only natural that even friendly warrant holders cover by selling 20-25% of their exercised shares. Nothing but sound investment strategy. We have such low volumes, that anyone day trading in this company will account for a fair amount of the daily traded shares. The fact that volume has not gone up, leads me to believe we are still some time away from getting there.

I do see a slight rise in the SP coming as we get nearer ASM and the other events on the immediate timeline. This is only natural as the FOMO will enter into people on the sidelines minds.

We will all do very well, but the key is to temper expectations and keep the emotions in check. Patience will and has always been required when dealing with these pre-revenue Biotechs.

GLTA
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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