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Galena Biopharma, Inc. Message Board

  • elstockjock elstockjock Apr 12, 2013 2:11 PM Flag

    Are we sure

    that AF did not start the short selling so his cohorts could get in cheaply, instead of selling?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I am sure of one fact. Adam Fraudstein has published 3 incorrect and negative reports on Gale/NeuVax to manipulate this stock for his own benefits and for the beneftis of his boss J. Cramer and his other co-conspirators. These people do not care that their wrongful attack on NeuVax may delay its approval from the FDA and as a result many breast cancer patients would lie. What more evil can they do to our society?

      It is very unfortunate that so many people believe in him and caused the share price of Gale to dip.

      Very Strong Buy of Gale Shares and hold!!!

    • The stock was rising rapidly which means shorts have to cover. Can you tell what's the best case scenario for shorts who are getting toasted? AF spells relief. Coincidence it happened on the second day of a run?

      • 1 Reply to beasleyjack17
      • When you think abt the absolute short amount it is not much say around $20mm (10-12% of the float). They may mot be naked shorts. They can cover with options. Also I am not sure how much is related to recent placement. They can be short and hedge through the warrants they own. Shorts are generally smart and do lots of work as their losses can be unlimited. I do not understand why anyone want to be short GALE though.

        They may counting on the fact that there won't be any news on the trial for a year or so. I think there will be surprises on the way like Teva, Leica and Abstral.

        The CEO Ahn has a VC background and a deal maker. With 11 full time employees and a cheap Market cap this is an easy target for big Pharma.

    • Actually, Adam Feurstein is like a cardboard cut-out for a stock analyst. He found a forum to post his musings in spite of his lack of education, particularly in the biosciences. Pee Wee Herman could probably replace him. He gets attention through controversy, just like his former carnival barker cohort, Cramer.

    • Your assertion is entirely correct.... AF has a long history of financial fraud.
      My investigators rudely interrupted his brown bag lunch today & he was hauled into SEC HQ.
      SEC lawyers are spending the afternoon interrogating him about his long pattern of securities manipulation.

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