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Geron Fans Make Mountain Out Of Ge Molehill

Started by Apparelyzed , Jul 01 2009 08:25 AM

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#1 Apparelyzed

Apparelyzed

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Posted 01 July 2009 - 08:25 AM

Geron Fans Make Mountain Out of GE Molehill

Geron(GERN Quote) shares rose sharply Tuesday after the company announced a pact with the health care unit of General Electric(GE Quote) to develop embryonic stem-cell test products.

As with most announcements that come out of Geron, investors overreacted Tuesday, sending shares up 18.4% to $7.92. This makes shorting the stock a tempting option. The agreement with GE Healthcare is relatively minor and isn't likely to have much of a financial benefit for Geron.

More: http://www.thestreet...e-molehill.html

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