Geron Corp (GERN)

[Joda]

uh huh, You don't say..?

from yahoo board,

Some are wondering WHY we are up so hard. Here is what I found out after calling my FA at Merrill Lynch. The private wealth guys CANT GET any GERN stock. All institutions sucked it up. AND... There was a LARGE OVERDEMAND. Meaning institutions got only a percentage of what they wanted. Now, I don't know what that % was and if anyone here can find out, that would be great.
I also know the numbers of shares shorted increased- even more than the last NASDAQ posting. Probably in an effort to counter trade (short prior to secondary, then cover ON secondary). Merrill won't give the shares to the "fast guys", hence they are covering today! Not only that, but all institutions that wanted MORE stock, and the private guys who were waiting for this, are all buyers.
So, you have Institutions buying- large quantites, individuals, and maybe more importantly, shorts getting squeezed. From experience (being on both sides) This thing could pop like a pimple...

One more point. I heard from my Merrill guy that the clarity given about the Mayo Clinic explaining that the discontinues were not related to safety or efficacy, AND the suggestion by experts to go international, were HUGE positives.
Expect some back and fill, and I conjecture 5.50 within 1 week.