Remember 1 thing..CYTR stock touched $8 late Dec WITHOUT any dreamteam articles....
the dreamteam articles came in 2014. So how can these legal firms talk about pump and dump ? The stock went up due to Dec Aldox announcement. Plus they sold offering at $6.50..below the high. Plus no insiders sold. These lawsuits are bogus.
GALE on the other hand is a different issue.
Great Point - The data is what drove the price up (Not the BS short news). if you look at past price action of any successful biotech's there is usually a 50% (or close to it) retracement an then an explosion upwards. I suspect with the impending trial news in the coming months, a similar movement with Cytr. If you get rattled on every bit of negative news without doing your DD, you should not be investing in this sector.
Agree. No insiders selling in CYTR shares and insiders sold shares in GALE. In fact, QVT just bought another 3.1 million recently and they filed 13G last Friday. They must have done in-depth investigation on the efficacy of the drug and have so much confidence in this company to invest over $20 million in this company.