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


To: Anthony@Pacific who wrote (1340)11/8/1998 7:17:00 PM
From: BulbaMan  Read Replies (3) | Respond to of 3576
 
With 41 million shares traded on Friday, who knows what GERN's short interest is now. Given the number of short sellers posting, it could be very high. So, anyone shorting the stock should realize the risk of a monumental short squeeze, regardless of what GERN's stock may be worth based on its future prospects.



To: Anthony@Pacific who wrote (1340)11/8/1998 7:22:00 PM
From: Land Shark  Respond to of 3576
 
GERN is optionable. I bought puts :). If gern trades below 10 on Monday, I'll've made a fortune from my Nov. 20 puts. I bought a pile of them.

With options I don't have to worry about shares being available, being called by the broker about a buy-in or being squeezed to death. The loss is just the premium I paid. I love playing options on these p&d deals that come up about once a month or so. It's the only way to fly...



To: Anthony@Pacific who wrote (1340)11/8/1998 7:24:00 PM
From: Marty Rubin  Read Replies (1) | Respond to of 3576
 
Anthony, I'll be buying if it opens down ten for two points. (If you're short, wouldn't you cover at least half?) I do agree to the most part on your last statement. Please send me a PM or email (himarty@rocketmail.com) Nice weekend (for the few hours that are left). Marty



To: Anthony@Pacific who wrote (1340)11/8/1998 9:25:00 PM
From: ayahuasca  Read Replies (2) | Respond to of 3576
 
I absolutely believe 100% without a doubt, that GERN will open down 10 on Monday and I posted that on Friday,,I am convinced, positively, no doubt about it that this stock will trade lower than it ever has before after this week.. i am convinced that it will be less than 10 on the close..

A statement like this, IMO, is very revealing. NOBODY knows anything with 100% certainty, much less something as dramatic as the 10-pt gap down you suggest. By stating something like this in the manner that you do IMO reveals that 1) you are short and 2) you are not entirely comfortable with that postion. If you were confident with your short you wouldnt state your supposition of the price action so intractably. Not only do you state you are 100% certain that GERN will drop 10 on Monday, you reiterate it 5 times. Another whiff of desperation. Am I wrong? If so, how can you defend your statement above?
I know I am not certain what will happen tomorrow. I know that I sold 3/4 of my position at 22 on Friday. I know that I held some because there is a chance that it could have a nice run on Monday. It know that it is equally possible that it could lose ground. I think it is very unlikely it will go up or down 10 points. I think it will go back up to the high teens maybe 20 before beginning a slow period of consolidation in the low teens. BWDIK.