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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (4727)1/13/1998 11:02:00 PM
From: LastShadow  Read Replies (2) of 120523
 
A rare SHORT post...

GERN - any free cash I come up with tomorrow goes to short GERN.
The news: the company and the University of Texas Southwestern Medical Center at Dallas reported today the successful extension of the life-span of normal human cells using the enzyme telomerase. In a paper published in the journal Science, January 16, 1998, scientists explain that the introduction of an active telomerase gene into normal mortal cells resulted in the lengthening of telomeres and a marked increase in the life-span of the cells, making the cell potentially immortal. "The paper is a monumental advance in the understanding of the molecular genetics of aging... will likely have many important applications in the future of medicine and cell engineering..." Sounds great.

Well, when the stock reopensed, the shares jumped 4+ points
higher. However, history tells us (particurly the history of GERN), that this issue will come tumbling down on the next weak day in the
market. The last time this happened was August 15, when the stock leapt more than 150% on news the company identified a protein key to the uncontrolled growth of cancer cells. If you had shorted then, you would have made as much as 50% on your money.

Now there is a horrid thought - live forever. But hey, I am a tad contrarian...

lastshadow
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