I loaded more on
Gale earlier today. It is a nice stock to go long. Basing it upon its past history, when it goes 2%,2%,5%,10%, it then goes to $7 a share. I know that history of the past may not have anything with the future but hey, if you are a chart reader, you know that "trend is your friend"
With that in mind, here are some speculation points with Galena. They have a pending product (can't spell it but it starts with the letter N) that their science already showed a 70% approval rating for containing this type of cancer. This pending trial is not due in a year or 2 but at the end of this year, they have to produce a preliminary result and with any given good results, their stocks are going to rise. On a red day like today, she is able to go strong and I saluted her for that.
Plus, there is a rumor that bigger pharm institution may want to buy her basing it upon them good science.
Gale position is not to sell as of yet. Why sell when your company is doing so well? So thus, she is trying to get her PPS to rise to $7 and then sell for massive pricing which then her stocks will rise to $25 and then to $50. How much did I/we buy it for? Penny stocks. yup yup. Go big or go home. I don't know much about any other industry but I loved my bio tech stocks. Plus that 23 years old kid is also into bio tech as well. Keep it simple and do what you know best.