Galena Biopharma (GALE) Bubble About To Burst

One Biotech Penny Stock whose share price is unwarranted is Galena Biopharma, inc. (NASDAQ: GALE). After more than 2x in price in the last week, GALE is one of those Biotech whose bull market was fun but is about to turn quickly. Investors see a couple of biotech penny stocks get agreements and partner with giants and they get cocky and start believing that these risky, volatile stocks only go up.

Look for GALE to open lower and close lower.

Float: 41.81 Million
52 Week High: $2.14
52 Week Low: $0.36
Book Value: $0.11
% Held by Insiders: 6.78%. (Data provided by Thomson Reuters)

Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett

If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.

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Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.

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  • Do your own research.
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  • If a Stock Gaps Open, Look for Pullbacks to Enter.
  • Plan a Trade and Trade a Plan.
  • Always use stop loss orders to protect yourself.
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  • If a stock breaks below our alert price GET OUT. Do not wait.
  • View Trading as a Score in Points and Not In Money:
  • Always take your profits whenever you can. Do Not Be Greedy.
  • Work Hard at Learning How to Trade Properly and Keep Working.
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