Replies to post #1113 on Galectin Therapeutics Inc. (GALT)

[thefamilyman]

Given the amount of promotion that the company used for the Cohort 1 results, I think "the lack of announcements" is part of the reason. In any event we are now fast approaching that "around the end of July" timeframe for the release of Cohort 2 results.

Darwinian said...

Pretty poor performance today. Could this be a reversal of "buy the rumor, sell the news?" Could the lack of announcements "setting-up" the release of results be a reason for it.

[BelizeBeachTrader]

Try not to worry about the day to day price action, if you believe in the company consider it a gift at this level and buy more.
We will have the next results in a few weeks. FibroScan should show some visual evidence of some type of reversal. The questions are how much of a reversal and how will the market react this time. Again a small number of people in the trial but if all see a positive effect with no side effect one would think the SP will be higher than it is now. Any reversal noticed is great news for the people who suffer from NASH, a light forming at the end of the tunnel for a cure.

[123tom]

D, I dont know how perplexing it might be to analyze based on fundamentals, since I dont do that...but in technical analytic terms, the chart and price action remains pretty clear enough for me to understand it.
Price is falling and bouncing to support and resistance levels. the current zone is the 12.70 level. and resistance area is 1350-14.00 area, the support bottom zone so far has shown 12 dollars as support, but that lower support zone is still in play and extends to 11 area. 11.00-11.70, and 12 is an extension of 11.20-11.70 area.... as a TA guy, all these numbers are clear enough to me, maybe confusing to the fundamentalists. anyway, what I'm looking at technically , is that GALT has been making a pullback, to test the 12 area. it held there so far. now it may try to test the 14 area, and we will see what price does around 14, and if it fails between 13.30-14.00 area and begins another downwave, then I look to see if 12 dollar zone holds Again, like it did this time. It might or might not. and if it doesnt , then targets toward 11 will become the next stair steps down. The whole zone from 12 down to 10 is In Play technically.

Have a good weekend everyone.




http://stockcharts.com/c-sc/sc?s=GALT&p=W&yr=1&mn=0&dy=0&i=p63997113964&r=1405727039772