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Strategies & Market Trends : winpa -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (4420)	1/14/1998 12:34:00 PM
From: Sul	Read Replies (2) \| Respond to of 6855

Steve, its not wrong to take profits. Be happy as long as the trade is in your favor. Well done. Suleman

To: Steve Smith who wrote (4420)	1/14/1998 12:36:00 PM
From: Winston Kim	Respond to of 6855

I knew it.....Hehehehehe....Hey as long as you made money.... I think GERN is going to 10-12 tomorrow.....12 over the next month?? Kind of conservative in my mind...When market drops this stock will plummet.. Here's what breifing.com has to say GERON CORP (GERN) 15 1/2 +1 1/8. The extremely hot shares of this biotech company are starting to fizzle, following a spectacular 1 1/8 day run. Yesterday, the stock soared 44% after the company announced the successful extension of the life-span of normal human cells using the enzyme telomerase. Normally, yesterday would have been the perfect time to short this stock: biotech company posts titillating news -- news that over the near-term will really have no positive effect on earnings. However, in this particular case, the story was pasted on the front pages of several newspapers, including the NY Times. Thus, the 2 5/8 point pop at the open. But, for those who shorted yesterday, sit tight, the stock will take a dive over the next several days. Over the next month, we would not be surprised to see the stock fall to $12, particurly if the market experiences more of the choppy trading that has thus far been the norm this year. Don't believe it will happen? Then take a peek at GERN's chart. The last time this puppy popped on news, it fell as much as 50% from the level we suggested shorting it. In fact, as I write, the GERN's legs are slowly giving out (now trading 14 5/8 +1/4).