OK All You Rockets Freaks!, STEM (StemCells Inc) and Geron Corp (GERN)
STEM (StemCells Inc) entered Wave 5 (on Friday 3-6-09) up of the Wave 1 Intermediate Term Upcycle since early October 2008, see http://stockcharts.com/charts/gallery.html?stem. Note that STEM has a bullish large inverse spike on today 3-9-09's candle.
STEM created a huge very bullish breakaway downside gap at today 3-9-09's open, see http://finance.yahoo.com/q/ta?s=stem&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, will probably do a Wave 5 down move/bottom early tomorrow, of the downcycle that began just after today 3-9-09's open.
Geron Corp (GERN) has a similar Elliott Wave count/cycle picture, see http://stockcharts.com/charts/gallery.html?gern. Both STEM and GERN are in a Cyclical Bull Market since early October 2008.
So, we now have a couple of rockets that should be great trading vehicles. There's also Advanced Cell Technology Inc. (ACTC.PK), see http://stockcharts.com/charts/gallery.html?actc, which is a pink sheets penny stock.
I plan to both day trade these (STEM and GERN), and, to hold modest positions overnight. It looks like rockets trading is back. This is the only other (mini) sector I know of, besides GDX/HUI/XAU/NEM, that's in a Cyclical Bull Market.
Nothing discussed on this Blog is a recommendation, or, should be construed as investment advice.
President Obama's reversal of President Bush's stem cell policy is obviously helping STEM and GERN, see http://www.reuters.com/article/marketsNews/idINN0946466020090309?rpc=44.
Part of the article:
"WASHINGTON, March 9 (Reuters) - Shares in stem cell companies soared, scientists gushed and activists cheered on Monday as President Barack Obama signed an order lifting eight years of restrictions on federal funding of human embryonic stem cell research.
Obama's executive order reversed and repudiated restrictions placed on the research by his predecessor George W. Bush, freeing labs across the country to start working with the valued cells, which give birth to all cells and tissues in the body."
.......http://www.JoeFRocks.com/
STEM created a huge very bullish breakaway downside gap at today 3-9-09's open, see http://finance.yahoo.com/q/ta?s=stem&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, will probably do a Wave 5 down move/bottom early tomorrow, of the downcycle that began just after today 3-9-09's open.
Geron Corp (GERN) has a similar Elliott Wave count/cycle picture, see http://stockcharts.com/charts/gallery.html?gern. Both STEM and GERN are in a Cyclical Bull Market since early October 2008.
So, we now have a couple of rockets that should be great trading vehicles. There's also Advanced Cell Technology Inc. (ACTC.PK), see http://stockcharts.com/charts/gallery.html?actc, which is a pink sheets penny stock.
I plan to both day trade these (STEM and GERN), and, to hold modest positions overnight. It looks like rockets trading is back. This is the only other (mini) sector I know of, besides GDX/HUI/XAU/NEM, that's in a Cyclical Bull Market.
Nothing discussed on this Blog is a recommendation, or, should be construed as investment advice.
President Obama's reversal of President Bush's stem cell policy is obviously helping STEM and GERN, see http://www.reuters.com/article/marketsNews/idINN0946466020090309?rpc=44.
Part of the article:
"WASHINGTON, March 9 (Reuters) - Shares in stem cell companies soared, scientists gushed and activists cheered on Monday as President Barack Obama signed an order lifting eight years of restrictions on federal funding of human embryonic stem cell research.
Obama's executive order reversed and repudiated restrictions placed on the research by his predecessor George W. Bush, freeing labs across the country to start working with the valued cells, which give birth to all cells and tissues in the body."
.......http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
3:31 PM
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