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Biotech / Medical : Geron Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Haolin Ni who wrote (695)	1/15/1998 8:46:00 AM
From: the Chief	Respond to of 3578

Once your "limit" order is loaded into the computer,it remains limit. The computer pairs up all of the market orders as a "first priority". When the market orders are satisfied the system then scans the limit orders and satisfies the outstanding buys at that level. you said: "my understanding is my limite order should be changed to market order automaticly before market open since the bid price is high than my limite price." In a low order situation(this was not) this might be the case. However, because the bid price fluctuates wildly during the last few minutes/seconds prior to market open, one cannot be guaranteed until the "system" starts pairing the buy/sells that the open price is going to be higher than your limit order. During this process of establishing the open price limit orders are not used. Therefore, the open price, when it occurs, is then found to be higher than your limit, and then you are paired!!! open for debate/comment the Chief

To: Haolin Ni who wrote (695)	1/15/1998 10:21:00 AM
From: David Wise	Read Replies (4) \| Respond to of 3578

Shorts Beware! Here's what could go against you: 1. Low number of shares (10 - 11 million) 2. Increased popularity (much more TV time than ever before) 3. Danger that another announcement will follow. Example: - GERON Announces new cooperative agreement with XYZ. GERN to receive $50 million up front... - H & Q begins coverage of GERN with STRONG BUY! - Bayer announces buyout of GERN at $40 share. 4. Even without any announcements, suppose there are 5 million shorted shares (just a guess). Suppose there are now 4 million held by "buy and hold" types. Now if 1 institutional investor really wants in, the price could baloon. And what if several inst. investors want in??? Talk about a short squeeze.... 5. Remember, there is no limit on UP! Going down, the limit is 0. Shorts always fear the unlimited potential losses. With as few shares as this company has, anyone is playing with fire to short for any length of time. Right now, even following the past history, there's not a lot of downside left (12?). BUT, latest report actually ADDS to success. This time they've actually shown longer cell life is possible, and no signs of cancer. Shorts will rule for a while. Maybe even long term. Just warning that shorting has no limit to potential losses. I've seen many squeezes drive prices sky high. Hey, company could be for real this time!!! DISCLAIMER: ALL situations above are hypothetical and not based on any inside information!!!