Re: Geron as an investment [Was: Re: Telomerase and cancer ]

Harvey Newstrom (
Wed, 8 Dec 1999 20:33:01 -0500

Max More <> wrote on Wednesday, December 08, 1999 1:03 pm,

> For goodness sake, don't try to buy it when it's just leapt up
> (unless it's on news of a genuine and promising *product*).

Exactly: "Buy low, sell high!" It sounds obvious, but most people don't do this.

My business partner bought Apple stock a couple of years back when it was $12 a share. It looked like Apple was about to go out of business and Microsoft was way up. Everybody thought he was crazy. Of course, a couple of years later, Apple comes out with the I-Mac and markets the fastest mass-market computer. His stock is worth 10 times what he paid for it. Microsoft is still high, but it hasn't grown 10-fold.

Max is exactly right. You don't want to buy a stock after good news. You want to buy it before good news, and then sell it after everyone else has bought in.

Harvey Newstrom <mailto://>
Author, Consultant, Engineer, Legal Hacker, Researcher, Scientist.