I agree, PPS will continue to fall.
IMO we do not have a shot at FDA approval for the next 2-3 months. Therefore, over the next 1-2 months investors will pull their money out for these reasons or combination of the following reasons: 1.) loss of confidence in the company, 2.) hoping to improve their position (cheaper shares), 3.) the "opportunity costs" associated with having your money in a stock that isnt going to move upward for the next few months...they will choose to make money on another investment in the meantime.
IMO we will hit the bottom around mid February, then speculation will begin to drive the stock up once more...obviously, I will be wrong if possitive news comes out earlier or Dean posts some "high speed" pics on the IMGG site.
I still believe this stock will hit $10-15 dollars once approval comes for several reasons. 1.) The stock rose to nearly $2 on speculation alone. 2.) This product could change health care. 3.) There were 1000 callers on the last cc and many others who couldnt get on because the number of callers was limited. I fell for every invested holding this stock, there are onther 10 investors sitting on the sideline waiting for a signal to buy in...that signal is FDA approval. This stock will shoot up like a rocket in due time.
...just my opinion
GLTA,
pkp
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