One good theory i just read on yahoo mb: They (shorts) already covered, made a fortune. Now they bought the shares at 30 cents and they are running it up to dump it on the small retail investors, again. The big dirty money has to make their profits from somebody. Guess who that somebody is. It's the small retail investor that the big dirty money fleeces day in and day out.
So it just might come crashing down sooner or later once again.
But whatever, ive never owned any Gale shares. Only Tapimmune.
Short covering is one. And the other could be is that the drop could have represented fair value for their pipeline when considering cash and so sometimes the over correction is bought. I believe they do have a decent amount of cash on hand. I'm just hoping that shareholders get some of their money out at this pop, even if it does mean at a loss. If it goes down they can buy it back and reduce their cost. My guess is that if it falls, this pop will represent major resistance in the future.
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