Stock-GERN-Geron - Best Day Trading Stock

The Best Day Trading Stock for today is:

Stock Symbol - GERN - Geron Corp.

Gern is chosen for their leadership in the stem cell market.  This market was hot at the end of 2008 and early part of 2009 but has tailed off quite a bit in recent months.  The major reason it has gone down was due to a secondary offering that was issued Feb. 12th, 2009.  While the timing on this offering was not the best, it wasa  necessary one for the company.  The additional funding will allow them to continue their research and improve on their technology.  We feel the sell off has been way oversold and it’s time for investors to come back to this stock.  Expect a temporary down day on Friday and watch this stock move up and down bigtime in the week of April 6th. So our recommendation is to start trading this stock in the range of 4.5 and under (BUY) Sell at 5.5 and above. Stem cell stocks should be a strong play for the next couple of weeks.  As always do your own diligent research and invest wisely.

Notes: This stock has gone from 4.5 to 4.95 after our initial call on April 3rd.  We expect to see it go over 5.5 sometime this week.  It’s a good trade to hold till atleast 5.5 before selling.   Gern and other Biotechnology type stocks should do well this week and possibly into next week.  A future story will be done on DNDN - Dendreon soon.