Galectin Therapeutics Inc. (GALT)

[thefamilyman]

Well it looks like the "big boys" were "scaring up shares" yesterday. They did not get any of mine. And per today's PR, we know that we will get the "news" on Monday. Given the way this is being handled by management, I would be very surprised if the news is anything other than very good.

Back in January, ICPT got "good" news that I did not think was that great and it shot their share price through the roof. Their market cap went as high as ~$9.6 billion and was still ~$8.5 billion (~$440 per share) at last Wednesday's close. But over the last 4 days ICPT has been taking a hit, down to a ~$6.7 billion market cap (~$350 per share) today. I have to think that the market is seeing GALT's up-coming announcement as a threat to ICPT. Their product is a daily pill that you would take the rest of your life to keep the fibrosis from getting worse. With GALT's product it is anticipated that a few treatments will actually reverse your fibrosis. Which would you prefer?

If you add the ~$1.8 billion of market cap that ICPT has lost over the last 4 days to GALT's current market cap of ~$368 million you get a total of ~$2.25 billion. That equates to a per share price for GALT of over $100. (I know that will probably not happen, but we're just spitballing here.)

Next week will be interesting. Sometimes Mr. Market over reacts to news and sometimes Mr. Market doesn't seem to react at all. But I am looking forward to next Monday and Tuesday.

GLTAL


thefamilyman said yesterday...

It looks like either bad news has leaked or the big boys are scaring up shares out of weak hands in anticipation of good news.

We should know by Friday of next week...

http://finance.yahoo.com/news/galectin-therapeutics-announce-results-first-120000507.html