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Biotech / Medical : Geron Corp.
GERN 1.605-1.2%Feb 11 3:59 PM EST
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To: Jim Wang who wrote (757)1/16/1998 2:48:00 AM
From: Jim Wang   of 3578
 
I do think the price will go down tommrow since few people who enter around 11-12 will hold 100% of thestock for furth pop up.The reason is simple: Most long who entered around 11-12 or below already sold out at least 30-50% of shares when the price poped all the way up to 17(almost 50% ROI). That's why we see the resistance around 12 1/2-13 before the close. If the price ever drop below 12 tommrow, the price would fall very quickly to 10 cuz short term long players would want to sale rest of shares to lock up profit and run. My Nonpro views only.

Happy long and short.

Luwang
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