Smart money shorts jumped on this $15.00 IPO as soon as they could secure shares. So clearly they've made bank here already. Can't say the same for the longs who bought this IPO outta the gate, or chased much higher than 5 - 6 range, where new longs are starting positions.
I only wish I'd come along here during the IPO stock crash from mid teens and joined the shorts for 60% or more gains.
That said, I recently started (SCALING) in with some long shares. Now for you all in bag holder types, scaling in means to DO NOT buy with ALL IN arrogance......FEEL ME :-).
Clearly a higher risk spec play noted by my DD prior to my first long position. So EXCUSE me for pointing out some extremely obvious problems here starting with the CEO.......and don't agree this is a STRONG BUY at this time. Does the company have some potential, yes or I wouldn't of bought in same as a SPEC PLAY.
And I hope your right (straighthippie) bro and this beaten down small cap bio finds some badly needed institutional support sooner than later.
Best of luck to you.
So go ahead and keep trying to convince yourself shares are CHEAP here lol.
Anyone see a problem here? Head count in 15 months has increased by 80% since IPO.....
This company got by with 50 people prior to IPO. So what the hell happened after BIND got the $70+M from IPO.....
Maybe the CEO hired his entire family, relatives and friends?
Think about it.
OIL GLUT and reversal of yesterday's pop, keeps me looking for storage topping and a potential severe down move in OIL. FMSA did have a nice run recently and flat here doesn't bode well for short term trading.
Hoping for price volatility here again soon. FLAT is boring :-)
BOTTOM LINE: Not rocket science why the stocks tanked. Trust me, this company will "DILUTE" several more times before it ever reaches a panel.
Furthermore, the deals insiders have made to date need to bring value to shareholders and so far that's yet to materialize.
Finally, since the IPO just over a year ago, BIND's body count has increased by nearly 80%. Insiders better find a "REAL" partner soon. You know, the kind that truly shares the risk, over those tossing us a bone on the backs of our taking "ALL THE RISKS" towards milestones completed.
BIND better clean up it's dead weight fast, or all of them will be looking for jobs upon BANKRUPTCY.
Not short here, just some hard facts. Of course some of you don't bother with DD, so no need to respond.
SHORT from 7's and desperate? See you at ZERO bag holder LOL
ps. Check out my short plays over at PAMT now HEAR and CZR. Can you spell Bankruptcy?
What ever helps you deal with losses here ahead of more dilution and finally bankruptcy. Cut and RUN as fast as you can. Maybe you'll run into last CEO Ahn and knock him out for destroying this company lol.
Only a fool would keep this turd after CEO Ahn destroyed the company imho.
If I'm short, you gotta be a huge bag holder here with that strong buy lol.
When you show weakness, you get stepped on again and again. If insiders were actually earning their paychecks, they should've had a back up deal in the works to counter Pfizer bs request for extension.
Of course Pfizer wants an extension, but why give it to them with nothing in return?
INSIDERS: Find your balls and earn your paychecks OK.
There's good reason why small caps especially in bio, never make it to FDA approval. IMHO, costs here need to be reduced asap, or WALL STREET will never bite.
The deals made here by insiders clearly need to be sweetened our direction, that is to say if we truly have what it takes to make it to an FDA decision let alone approval.
Our relationships with big drug companies lean entirely in their direction, as they have nothing to lose. Yet the analysts keep their pumping articles coming anyway.
DILUTION has driven shareholders away. It's not rocket science as to why the stock has crashed. If we meet our next milestone, insiders need to find their balls and strike better deals, or just sell the company to the highest bidder. Hell, it's one way to see who is truly interested right lol.
Nice shake out this morning ahead of the next catalysts to be expected.
Hey Ahn, I suspect you actually read these postings and I know you remember ME, as I sent e-mails to company of which I know you got. I have to say, imho you should of been arrested for fraud a long time ago and at least for what you did to Galena.
Just curious as to where you are now because if your working for a public company, I want to short the hell out of it like I did this turd on last run up lol.
Later you pos lol.
Lets face it, you'll never recover your losses here in "GALE"...........NEVER!!!!
Hell I BASHED THE HELL out of this stock before my first buy in the stock as it was coming down form 3's during that time.
Then ADAM F. came out swinging knockout punches following his interview with Ahn and the stock tanked all the way down to nearly a buck.
Don't remember my cost basis on my first round of buying, but believe my last buy on 1st round of trading was around $1.30 per share, albeit my cost basis was somewhere in the 1.40's.
I traded the hell out of this stock...........I'd bash and buy........I'd pump and dump.......SO WHAT........
Fact is, I was one of a few who made out very well in a bio with a #$%$ at the helm........
Just thought I'd see who was still here. Thanks for the laugh lol.
For your sake, I hope it is and you make or brake even but reality is it's a very unlikely event. CEO Ahn sucked this company dry and the only reason GALE isn't bankrupt is due to the board firing Ahn.
My bet is, most of the longs back then who bashed me, changed their usernames and are still holding huge losses. Sad, but likely true.
AMEN......but when you examine the losses here, one can't help but worry about further dilution and total lack of alignment of insider ownership to it's shareholders.
Upside catalysts are running short following next conference, so double digits might only arrive ahead of the next major milestone via buyout.
Just saying............HUGE LOSSES.......&........ SURVIVING OFF ONE SIDED DILUTION ???
I'll be scaling out shares on further upside.
I told you all to take long gains and go short as Ahn was hugely overpaid and listed his failing reputation years before he became CEO here.
I got bashed so badly is was crazy. Well guess who did his homework on CEO here. Those who lost money here sure didn't.