Friday, August 31, 2012

What a great week for Geron

Geron closed up 13 cents to close at $2.76 on 1.9 million shares. The three month avg. volume is 894,148 shares. Geron was at $1.71 on Aug 15th what a great run on no news. Sept 5th at 10:55AM Chip the CEO will speak. It will be webcast. I'm hoping for good news. We will see. The secondary offering is a worry,[if there is one] I got burned on the last one. That's why I sold some covered calls just in case.

ACTC closed down a little at 0.0803 on 2.6 million shares. The three month avg. volume is 5 million shares.

AAPL closed up a little at $665.24 on 11.4 million shares. The three month avg. volume is 13.8 million shares.

Good luck in this rigged casino,

Thursday, August 30, 2012

Geron up big again

Geron closed up 22 cents at $2.63 on 3.4 million shares. The three month avg. volume is 849,533 shares.
Geron to present at the Stifel Nicolaus Healthcare Conference Sept. 5 Wed. at 10:55AM.  This will be very interesting. If Chip the CEO says anything new and good, we go over $3. If it's more of the same we head slowly to $2.

Good luck in this rigged casino,

Geron up 24 cents pre-market wow

Geron  shares rose 11%. Stifel Nicolaus analysts started the biotech company with a buy rating on Thursday morning. Target $4.
Up 24 cents just on a upgrade. My almost 9,000 shares love it. My 4,000 covered shares do not, but that's ok. We still need news, by all the signs it should be good. BUT I've been doing this for 40 years, it still could be a pump and dump, a secondary offering is coming.

Good luck in this rigged casino,

Wednesday, August 29, 2012

Sienna's telomerase based Cancer diagnostics test kit


  • Everyone knows about the Imetelstat trial results but few know about the large scale testing of Sienna's telomerase based Cancer diagnostics test kit. The results of the testing is expected in December. The pre large scale testing results were the test was 97% effective at catching cancer early and there were no false positives for this non invasive test kit. Many do not also know Geron is Sienna Cancer Diagnostics largest share holder.
    This would be great for Geron, they would get more income from the selling of the Cancer diagnostics test kits through royalties and the increase in Sienna's value.
    Geron closed down 3 cents at $2.41 on 1,379,886 shares. The three month avg, is 849,533 shares. Still with no real news we should go a little lower, maybe $2.10.

    ACTC was down a little at 0.08 on 1.8 million shares. The three month avg. is 5 million shares. Waiting for news.

    AAPL closed down just a little at $673.47 on 7.2 million shares. The three month avg. volume is 13.9 million shares. Still the best company out there.

    Good luck in this rigged casino,

GRN1005 trials updated yesterday on Clinical Trials . gov

Geron has added more sites for its GRN1005 trials. It's all good. I'm surprised the price is still around $2.40. Still think we go to $2.10 with no real news on results of Phase 2 trials.

Good luck in this rigged casino,

Tuesday, August 28, 2012

Geron up big again

Geron closed up 14 cent at $2.44 on 1.3 million shares. The three month avg. volume is 832,770 shares. Why the run from $1.71 on Aug. 15th to $2.55 on Aug 28th? I have no real answer, I sold 40 covered calls at different prices and months just because the run may be all bs. Why? Geron needs money they will do secondary offering soon. The last one I lost half my money on.  JPM made 50 cents a shares selling the offering. At $1.71 a share they would have to sell the secondary at $1.50 or less a share, with JPM fees that would leave Geron with $50 million or less [that's if they sold 50 million, they have the ok to sell 100 million shares] So I think they are going for $2.50 a share. That would mean a run to $3 plus, then a secondary offering at $2.50 a share, maybe 100 million shares. That would $200 million clear and would do Phase 3 with the help of a partner.  That's my guess on the run, I hope [with my 9,000+ uncover shares] I'm wrong.
We will see.

ACTC closed down a little but still above 8 cents at 0.0808 on 2.3 million shares. The three month avg. volume is 5 million shares. Need god news.

AAPL give back a little to close at $674.80 on 9.4 million shares. The three month avg. volume is 14.1 million shares.

Good luck in this rigged casino,

Monday, August 27, 2012

ACTC up over 8

ACTC closed at 0.0809 on 4.9 million shares. The three month avg. volume is 4.9 million shares.

AAPL up  big to close at $675.68 on 15.1 million shares. The three month avg. volume is 14.1 million shares. We go higher.

Geron closed flat at $2.30 on 1.4 million shares. The three month avg. volume is 812,400 share. With the good article on Seeking Alpha today, you would think Geron would be up. I think we go down to $2.10 soon if there is no more good news. Will buy back my Oct $2 calls if it does.

Good luck in this rigged casino,