this was 3rd bull wave and previous 2 had 3 consecutive big up days. today was day 2 of 3rd wave and it fell hard - now it fell around 13% about same as prior 2 falls but it does appear as though the up trend has been broken or at the least changed which just might mean we are in for a greater than the usual 13-15% pull back this has seen. 20-30% could be in order. caution is warranted
Don't see a trend change yet. Down 3.56% at 2PM.(after a 30 day run of almost 100%) I don't see a lot of up movement the balance of the month, but do see possible catalysts in the 1st quarter of 2014. I'm thinking sideways til then.
jim k - you've been a voice of reason often. The thing is that unless there is BIG news in next weeks then the stock most likely will pull back 10% -25% off high ($4.70 lets say) so we might be $4.23 - $3.52 before 1/15/14? Why -25%? profit taking, mkt burps, another stock gets attention, etc. Don't get me wrong, I really do think GALE long is the place to be but there is risk (as in all bios). And there is the risk of being out of the stock when BAM an announcement comes out and they jump up big. Sell and buy more shares at a lower price or hang tough??? Tough call, I'm tending to stand pat but would LOVE more GALE w/out putting in more % of holdings in. Yeah, I know...greedy, greedy greedy me. GLTA
You might be right and I'll wish I did the same but it back fires if there is a big jump when we sit it out. UGH that would be a bad thing! But I hear your position and I'm struggling w doing it or not. GL either way.
Do you not understand that watching charts for teacups and candlesticks do not apply to GALE? This stock moves on the potential success of a cancer drug. Go take your chart formulas and read BAC or something.
Sentiment: Strong Buy