Geron now a bargain Buy

Geron Now a Bargain Buy by Jeremy Richards on Seeking Alpha.  This the last part of article.
The average price target by analysts is now $4 a share.
In the last 6 months, GERN's stock price has dropped from the $4 level down to a recent low of $1.35. In my opinion, the current stock price of $1.41 represents a bargain buy considering GERN has a $150M cash on hand and a current market-cap of $185M and trading just above its book value of $1.34. I believe buying the stock under its 50 day moving average of $1.73 is a bargain. I would be a seller around the 200 day moving average of $2.69.
GERN insiders currently hold 10.3 million shares or 7.8% of outstanding shares. Director Thomas Kiley purchased 64,275 shares on November 22nd, 2011. This is in addition to the 50,000 shares that he purchased at $2.03 on Oct 5, 2011, increasing his holdings to 314,059 shares. The total 114,275 share purchase by Mr. Kiley is significant given that it is the only insider purchase in at least the last eight years. The share purchase is also a sign of confidence in the company.

The Market liked the story, Geron was up 3 whole cent, on over 2.5 milion shares, three month avg is 1,543,416 shares. I'm still waiting for some real good news to take the price to $2.00. Then will sell some and sell some covered called.

Good luck in this rigged casino,