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


To: Anthony@Pacific who wrote (1231)11/6/1998 6:21:00 PM
From: Bald Man from Mars  Read Replies (4) | Respond to of 3576
 
Everyone please jump in until you see 24, I need to break even ...
thanks in advance ...



To: Anthony@Pacific who wrote (1231)11/6/1998 6:25:00 PM
From: Biomaven  Read Replies (1) | Respond to of 3576
 
Anthony,

When you have a company that cannot earn any money.

Let me respond to this from the perspective of a biotech investor rather than the day traders that have overrun this thread. I think there is some element of truth to what you say, but I feel you have gone overboard in condemning the stock.

First, I should say that I exited from my own small GERN holding today at 19 7/8. I bought it a while back, when no-one was paying any attention to the stock, which is the right time to buy publicity-prone stocks like GERN and ENMD.

However, I disagree that GERN has dismal prospects. While they are certainly a long way from producing anything like a product, they certainly could strike large deals in the short term with any number of big pharmas, and may well develop a nice business selling their cells in the medium term.

GERN, like ENMD (which I also own a little of, having recently re-entered in the low 20's after selling near the open on "that day"), is certainly not a sure thing, but they both have striking technology that could well emerge into something major. Even though neither have earnings, neither are they no-brainer shorts.

Peter