smacks of desperation if you ask me
Sentiment: Strong Buy
Is the belief that Gale has a long way to fall from here a plausible explanation for the incessant shorting at this level ? If the players shorting this somehow knew that there is something around the corner that would cause GALE pps to plunge, then it would seem logical that they would want to let this go up and then resume shorting it at much higher levels - even though they would have to endure a paper loss for a certain amount of time until that event occurred. This would allow them to profit even more - short higher cover low. This has not a pattern that we've seen either. So there are other reasons why the selling pressure continues. It seems obvious that the shorts are in too deep already and feel that the likelihood of this taking off is more probable than it collapsing from current levels. They must keep the pressure on until some future event allows them to get out at a lower price. They are over-levered and continue dump share to suppress share price in order to stave off margin call. They are hoping for a small window of opportunity to cover lower than where they are presently dumping. A hail mary play in my opinion. Another Adam article at this point is not likely. Too much scrutiny on this company already for any one to step up with fraudulent claims against it.
The only thing that will be vaporizing is the hair on your miniscule inadequate testes.
Looks like we put in a bottom today on decent volume. Looking forward to next week. I'm thinking 1.50 by end of day Wednesday or friday. I don't believe that is asking too much and certainly not far-fetched.
It's about 10:30 on east coast and I just noticed the Fura Emerald 'handle' error has been fixed. I'm wondering if this is some kind of secret signal that is being communicated to 'those in the know' (excludes about 99.9% of us on this board). Hopefully it is an alert to 'connected' big boys to stop the BS that's been holding this down and go long ? Be interesting to see if there is any meaningful price movement next week so I can draw some paranoid parallels to this event.
When I'm on this board (which is not frequent as I used to be) and sometimes see your post, I check level II to see if I see what you are seeing and I must admit that I sometimes have to agree with your observations.
James I have to laugh at your post because I just read morax's response to my original post and was going to reply "seems I struck a nerve". Well I can say one thing about who ever is paying for these basher's relentless 'work' and that is they certainly are not getting their money's worth. You think they could find some better bashers because these are some of the poorest and most juvenile posts I've seen on just about any board. Most lack the ability to even formulate an idea no less a grunt. I suppose junior high school students work cheap but you get what you pay for..
It is incomprehensible to me that anyone would see a risk/reward ratio supportive of playing this short at this level. I have to believe that the paid bashers are out in force because some large players are very scared that the potential for them to lose their grip on share price is becoming more real each day. The only rational explanation that comes to my mind is that large shorts are unwinding their positions and need to keep the door open wide enough and long enough to get them through. Have a crooked market maker certainly helps as well. Of course all this hinges on an asinine assumption that anything said on this board has any effect whatsoever - which it most likely does not.
I like what I am seeing today. I have never wavered from conviction that this company will be doing significant good and helping a lot of people and making true believers a ton of money isn't such a bad thing either. It has been difficult nonetheless seeing the share price manipulated down with every up move. If we get a good or inline report tomorrow I'll be loading more shares. GLTA true believers, Galena management and science team, and most importantly to those whose lives depend on the products this company endeavors to make available to them.
Sentiment: Strong Buy