Galena Biopharma fka GALE

[Ecomike]

I guess the sellers were not done here Friday, down nearly 10%, and selling for about 15% off of what the company just sold new shares for to new investors. I always find it odd for a stock to drop below the new issue price of a dilution, and I find it equally odd for some others I have played the last year that stayed up at 200 to 600% above the price of newly issued dilution shares.

Seems to me that the market was setting a $9 price here when CYTR, RXII and new investors set a price of $6 last week ( a floor?), and now the market is discounting it 15%? Odd is all I can say! Perhaps it is the lack of a perceived higher future value near term that they are discounting now?