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Biotech / Medical : Geron (GERN)
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To: Sniper who wrote (35)3/25/1997 3:27:00 PM
From: Andrew H   of 50
 
What press release did you read? Paying 58m upfront? NO! A 10m equity investment, and a POSSIBLE total of 58m AFTER a number of milestones are reached, which may or may not happen. As the last poster wrote, this company is a loooonng way from trials and much further from making money. The market is in no mood these days to be looking ahead. Stock down 7/8 today. There will be plenty of time to buy this one under 10 for the next couple of years. Murphy's recommendation should be seen as a contrary indicator. However, if you believe in immortality, you might believe this company will see 17 in the near future.
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