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Biotech / Medical : Geron Corp.
GERN 1.315+3.5%Dec 5 9:30 AM EST
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To: Anthony@Pacific who wrote (1340)11/8/1998 9:25:00 PM
From: ayahuasca  Read Replies (2) of 3576
 
I absolutely believe 100% without a doubt, that GERN will open down 10 on Monday and I posted that on Friday,,I am convinced, positively, no doubt about it that this stock will trade lower than it ever has before after this week.. i am convinced that it will be less than 10 on the close..

A statement like this, IMO, is very revealing. NOBODY knows anything with 100% certainty, much less something as dramatic as the 10-pt gap down you suggest. By stating something like this in the manner that you do IMO reveals that 1) you are short and 2) you are not entirely comfortable with that postion. If you were confident with your short you wouldnt state your supposition of the price action so intractably. Not only do you state you are 100% certain that GERN will drop 10 on Monday, you reiterate it 5 times. Another whiff of desperation. Am I wrong? If so, how can you defend your statement above?
I know I am not certain what will happen tomorrow. I know that I sold 3/4 of my position at 22 on Friday. I know that I held some because there is a chance that it could have a nice run on Monday. It know that it is equally possible that it could lose ground. I think it is very unlikely it will go up or down 10 points. I think it will go back up to the high teens maybe 20 before beginning a slow period of consolidation in the low teens. BWDIK.
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