Geron volume was only 814,240 shares over five days. Ten day avg. volume was 1,042,103 and three months was 1,517,420 shares. The high for the week was $1.77 on Monday the low $1.55 on Thursday.
Need partners.
Celgene, Pfizer and Teva Pharm. are in stem cell research, small time. Partnering with Geron would make them big time and they have the money to fund the research.
The share price is worrying me. It could go below a dollar. Waiting for a parnter. Good news from the four Phase II trials will raise the share price. If by the end of 2012 the results from the 4 Phase II trials are anything but outstanding, I will sell most of my shares. For now any move over $2, I will sell some shares and sell a few covered calls.
I put a lot of time and money into Geron, believing [and still do] in the stem cell program, now there is very little reason for me to hold a large position in this company. Will cut my position by at least half.
Good luck in this rigged casino,
No comments:
Post a Comment