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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: doubtit who wrote (2076)6/12/2001 6:25:32 PM
From: Sverre Schriwer  Read Replies (1) | Respond to of 6873
 
Oh yes, GERN...

Take a look at a five year chart and you'll get the idea what this company is mostly about. They are... "Press Release Driven", so to speak.

It used to be Telomerase inhibitors, hyped as a vaccine against aging and a patent on eternal life. Now they seem to have a new angle.

I used to trade them quite successfully '97 - '99, the best one being late '98 when I realized another news item should be just about due, bought some waaaaay-out-of-the-money calls for next to nothing only to find out they'd cured cancer or whatever a few weeks later ;-D

In today's market I doubt if they'll rally tomorrow like they used to. Their fundamentals are bad, but not as horrible as one would like for a sure kill. IMHO shortable tomorrow, but there are probably bigger fish to fry unless they _really_ go at open.

Like I said, the long term chart says it all.

/Sverre