This is a grindhouse stock waiting for real news. So traders will force it up and down to make money while we wait for good news. Look at the 3 month chart. Note that last month it was at 1.90 and then pushed up a buck. Now if you were a trader with $50,000 and bought 25,000 shares, how much would you have made in a month, and they do it over and over again on every small cap biostock out there. And you are their feeding machine. Best to get in low and sell after it goes up around a buck and wait for it to fall again. These guys don't care if they miss the big one, as there are hundreds of other stocks to make this kind of money on.
The entire biotech sector is being sold off along with everything else, due to the #$%$@#** in DC, REMEMBER THIS WHEN YOUR CONGRESSMAN AND SENATOR COME UP FOR REELECTION, I know I am starting with Lindsay Graham and Tim Scott, hang in there GALE is a premium play for the long turn, I have a rather large buy order in at $2
I know you don't vote for him but It seems like Harry Reid won't negotiate or let anything come to the floor of the Senate. He and Pelosi are the best arguments there ever were for term limits. Imagine passing an unread 2000 page bill that controls 17% of the economy, so we can find out what is in it. Where was the due diligence???
Even now the House has passed a bill follows the original bill of making Congress subject to it and gets rid of the Medical Device tax, which is a killer for medical innovation. Where is the compromise???
With Reid in Control of the Senate this will be the 5th year that there has been no Congressional Budget passed. If you are going to demand Congress do their job. You are looking at the wrong side of the isle.