R59- GERN upgrade this morning by GS sent stock to $2.80+
The stock has given back all gains and is now $2.38, and up only $.01, and on huge volume. Call it what you will, but it looks suspicious to me. Either way, what you see happening to GERN today is exactly what's been happening to me on almost every trade I've made over the last several months, whether long or short. It doesn't really matter the reason for this either, just that I realize I can't win in this market. I am happy to have around 94% of my cash in 4%-5% fixed income. I believe interest rates will keep going higher, and estimate you will be able to get 6%-7% next year !