Someone posted that gale might have had sellers recently.
When a stock declines in share price - obviously someone is selling.
BUT for every share sold - there is a share bought
There are bulls here who are buying. I am one.
What makes anyone here think the sellers are smarter than the buyers ?
Galena might not work out -
Who on the Titanic every thought that it would sink?
Bad things happen - but when one can minimize risk in situations that can
offer large rewards - they often make very large profits. gale is a text
book example of this.
If one is going to invest in stocks - they have to realize there are
ebbs and flows in the markets. Stocks decline for many reasons - and
often these declines represent great opportunities.
If stocks sold at their fair value all the time - who could make money
in the market ? Only those large investors who buy Coke or General
Electric and they gain their 5% appreciation when you annualize the
returns (some poor years and some good years) - but Coke and GE will
be here for almost eternity with a very limited return to investors.
Some small cap stock will not be here in the next decade - some will fail
and some will be acquired by the larger companies in their field, and those
who are acquired, in many situations, will make their shareholders rich.
I have friends who are losing money in gale and I have friends who are
profitable, but angry and frustrated that they have given back a good
percentage of their profit.
I am getting a bit sick of defending gale - The company is working 24/7
to build value and (in my estimation) everything they have done is on time (or ahead of time) - on budget - and is
building tremendous value into the company and that extends to the stock.
This will reflect in increase share price - it always does.
Should I elaborate. For those who concur with my views - it is not necessary.
For those who oppose - nothing will change their minds.
GALE is a winner and soon-
carl, your assumption is not quite correct. When share holders lose faith and dump their shares, there are often no buyers on the open market because nobody wants the stock. When this happens, the market maker(s) are forced to buy the shares. In the event these market makers have insufficient funds to accept all potential sales, trading will be halted on the stock until "tempers cool". If tempers fail to cool, the stock will open the following day with an embarrassingly low bid price, causing current share holders to scream bloody murder.
Hi, I think you are Right. I'm a small retail investor who is buying gale on dip's. This has worked well for me so far. With The fed's trying to control pain meds, all preapproved drugs could get less future competition. I see a lot of positive signs. I think this is a five dollar stock. To all the sellers out there.. take it down to less than two and I'll be in for another 500 shares or so...