oh yes, now I remember.
so how might that pr moment play out? How is it setting up now?
The company is going to announce assorted data, which investors have been eagerly waiting for.and answer questions...
AF is suggesting their conference call will be ...?? mediocre? unless mgmt. can say the data pertains to 'biopsies' and not just ...(the other marker,sorry cant remember the word...) ?
investors are hoping GALT will be a mega moon shot like that other company did....
so anything short of spectacular identical PR will do what to the share price...?
Do you anticipate normal positive PR about good steady progress ?
theres nothing wrong with that.
but AF is warning people that it might not be like the other company's data?
We're waiting for a long time for positive news to come out....but AF is suggesting it isn't the spectaculat holy grail....and folks should factor that in to their thinking....whats wrong with that caution.
It seems to me that there has become this trend in biotech stock watching now....that traders/investors, maybe pushed and prodded by the market pumping media....to place gambles on ANY stock that Looks Similar to another stock that went soaring.... and piggy back the market pump and bubbling momentum into that stock ,as if to say it will go soaring like the other one did.... This is exactly what led to the vicious pump and dump scheme in PVCT a few months ago. I don't like this kind of game.
This seems to be developing in this market lately. Everybody is looking to jump into the next holy grail ,and this "piggy back" concept is the pump mechanism.
Its all about frothing the bubble momentum in sheeple to jump on a stock and then the gamers screw everybody.
I want to make sense of how this conference seems to be "setting up" now, That would be helpful to keep it in the right perspective.
At this moment, technically, I was ok to see the plunge to 12.50 as a great buying opportunity. Right now, I am not buying anything above 14, as I mentioned. but others should decide for themselves of course.
I absolutely will Not chase any price burst higher.
I will buy only pullbacks below 14.In case the sellers take over and plunge GALT down again, I'm anticipating possibly a volatile plunge,like we've seen several times before, maybe a retest of 13-12.50 area...remains possible.even down to 11 area is possible.
I have no need to buy above 14.
I own PVCT as well as GALT. I was watching back in January when PVCT got gamed in the bubble pump and dump....price was blasted up in 3 days from 3 to 6 dollars ,at a time when 3 dollars was a top zone, and I cautioned people then to be careful. at 3 dollars. Price bubbled up from 3 to 6 and then got Hammered down to 1.40 and then up to 3 and then down to 1.16
Remember in GALT back when it topped at 13 and then collapsed to 5.35 last year, and this past January it soared to 17.88 and the next 2 days pulled back to 11.20
even now, GALT plunged to 12.53 and burst to 18.62
6 dollar price swings.
Just in case, I would be prepared to see a plunge to bottom zone around 13-11 dollars area as possible. I don't know if it will happen or not, but just like what happened the other day, just be prepared for it.
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