Sunday, May 6, 2012

Can't cut a break on AAPL

I have 9 shares of AAPL slowly working my way up to 100 shares and then will sell a covered call. Right after I bought 1 share of AAPL it went down 15 points I then bought 8 more shares and it went down 20 more points. Afraid if I buy more it will go down 30 more points. I will buy more. It's the best company out there.

Geron closed down 4 cent at $1.51 on 604,131 shares. Three month avg. is 815,038 shares.  Again with no good news, we stay here and may go lower. The stem cell deal should come soon by July I hope. The 4 Phase 2 trial will have results by the end of this year. If there is no deal and poor results from trials Geron will trade in the pennies.

ACTC closed down a little at 0.0802 on 3.3 million shares. The three month avg volume is 8.3 shares. With more good results from Phase 1/2 trial we should hit 20 cent, with a joint venture we should hit $1.00.

Again both Geron and ACTC are a roll of the dice. Remember you can lose all your money in any company. I'm doing a good job doing just that.

Good luck in this rigged casino,

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