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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 (1645)11/10/1998 9:39:00 PM
From: CHIP HUNTER  Read Replies (2) of 3576
 
Longs and Shorts let's analyze what has happened over the past few days.... On monday we gapped down .50 from fridays close and finished down 2.75 from mondays opening price on over 8.4 mill shrs....

On tuesday we gapped down .70 from mondays closing price BUT today we only finished down .75 from the opening price this morning on over 2.9 mill shrs....

We can only say we have been in a short term downtrend for the past 2 days since we have finished lower each day.... Well as you can tell the volume has steadily fallen off along with the losses each day!! This tells me the selling pressure is subsiding....

When shorts buy to cover they have to either buy from another short selling or buy from a long selling.... Well with the volume dropping off I don't think either is happening much IN MY OPINION.

Take a look at the chart for yourself and come to your own conclusions... But don't let someone saying the stock is going to 6 scare you into selling..... I hope I've given you all something to look at.
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