SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Roger A. Babb who wrote (15233)11/9/1998 8:10:00 PM
From: RockyBalboa  Read Replies (1) of 18691
 
Roger, maybe you pay a look at Geron (GERN), now it is still 13 3/4 and most of the guys are still short. To disclose I shorted all the way up between 18 and 23. Talk is that geron will inevitably trade in the single digits, volume and price plummeted. It should not take more than a week. After the hype died, geron deserved a nice short and it will.

What contibutes to the fact is:

-the total weakness of the stock in recent trading
-history of gern shows that regardless whether market was bullish or not, geron erased all of their gains weeks if not days after the run-up. THis happens on a frequent yearly period.
-the scientific findings of the company may be great, though they will not materialize before 5 to 10 years. Forward dilution (and geron did dilutive trades in the past, too) is highly probable.
-geron works in a competitive scientific field with big-shots like Novartis as competitors.

As price follows volume and the volume is already dying from a 5 million per trading hour to a more moderate 400 k /trading hour, so dies the price it offers nice possibility to jump aboard and ride out the slow dive.

I hope that cures some problems with the pocket book and doesn't sound too much alike hype to you.

I'm sorry for you that you had no luck with yhoo this time.

C.

Not only XCIT, EBAY and INKT have flown in the sky. YHOO went 166 aftermarket (!!)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News