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GALT Theraputics Update Results Above Expectations; Confirming Positive Responses. Strong Buying.

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GALT insider trading is fun to track,http://finance.yahoo.com/q/it?s=GALT+Insider+Transactions. John Maudlin,Director, continues to buy monthly fixed dollar, Data from Yahoo Finance

2-Oct-13 125 GALT Automatic Purchase at $9.97 per share.
(Cost of $1,246)
1-Oct-13 376 GALT Automatic Purchase at $9.96 per share.
(Cost of $3,744)
4-Sep-13 676 GALT Automatic Purchase at $7.38 per share.
(Cost of $4,988)
5-Aug-13 840 GALT Automatic Purchase at $5.94 per share.
(Cost of $4,989)
3-Jul-13 876 GALT Automatic Purchase at $4.23 per share.
(Cost of $3,705)
1-Jul-13 300 GALT Automatic Purchase at $4.24 per share.
(Cost of $1,272)
3-Jun-13 1,176 GALT Automatic Purchase at $4.21 per share.
(Cost of $4,950)
25-Apr-12 *1,100 GALT Purchase at $3.08 per share.
(Cost of $3,388)

24-Apr-12

*3,847 GALT

Purchase at $2.94 per share.
(Cost of $11,310)

 

Date Insider Shares Type Transaction Value*
Oct 8, 2013 10X FUND, L.P.Beneficial Owner (10% or more) 12,000 Direct Sale at $12.36 per share. 148,320
Oct 8, 2013 MARTIN ROD DDirector 12,000 Indirect Sale at $12.36 per share. 148,320
Oct 8, 2013 CZIRR JAMES COfficer 12,000 Indirect Sale at $12.36 per share. 148,320
Oct 7, 2013 MARTIN ROD DDirector 100,000 Indirect Sale at $11.79 per share. 1,179,000
Oct 7, 2013 10X FUND, L.P.Beneficial Owner (10% or more) 100,000 Direct Sale at $11.79 per share. 1,179,000
Oct 7, 2013 CZIRR JAMES COfficer 100,000 Indirect Sale at $11.79 per share. 1,179,000

Recent sales of 348,000 shares of GALT were easily absorbed by the market. It appears all resistance is clear. GALT will trade at $15-18 before significant shares appear unless unexpected news occurs. My point is that insiders continue to buy, and sell shares to fill DEMAND. I could be wrong. It seems a lack of institutional blocks may be an issue when an individual shows up with $3 million for 500,000 GALT. Perhaps he/she wanted 348,000 additional shares?

     I am a technical analyst and search through the OTC micro-caps for ideas. I began to acquire GALTW at .65 and bought down to .31. The common has been in a strong uptrend since $1.60. I continue to buy GALT, GALTW and recommend investors allocate 10-25 percent to small and micro cap stocks. My model portfolio is currently 12 micro-caps, GALTW is my number 1. I continue to buy GALT, GALTW and GALT options.

     I recommend the GALT Nov 10 at $2, GALT Jan 2014 12 1/2 at $1.50. GALTW is a leap. The ability to buy at $5.63 before March 2017. Trading at $6.31, GALTW carries $5.42 intrinsic value. An $.89 time premium for 3 1/2 years in the money? Non qualified money should consider conversion, margin and increase leverage. Investors may do their own research(DIY) or engage an advisor before investing. This is not a recommendation to do anything, but read an article.

     The Chart: A picture paints a thousand words. http://scharts.co/1cdPg6x       

    Watch for news to confirm what the company management says and expects. This is GALT's strength, integrity. GALT management overdelivers and institutional ownership in GALT rises as early investors cash out. GALT current market capitalization is $188 million. Should GR-MD-02 and GM-CT-01 acheive goals, $1.8 billion is my estimate of GALT's potential market cap. This equates to GALT $110 GALTW $104.  

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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