Monday, February 2, 2009

Stem Cell Stocks Surge After Election

Stem cell and selected biotech stocks started moving when Obama won the election. Geron (GERN) was 3.50 then, near 8.00 now. Stemcells (STEM) has gone from 1.50 to 2.50. It could be a temporary reaction pop, but since he gave approval to Geron to inject stem cells into humans with spinal cord injuries, with tests beginning in the summer, most insiders expect more favorable announcements in the future.

The next step will be to remove the ban on using federal funds to fund stem cell research, reversing eight years of anti-progress policy from the Bush administration. After that, he'll be free to allocate some federal funds for stem cell research, giving these stocks a boost yet again.

It's a little revenue, small cap sector, so be careful. Here's a link to get you started doing more research before investing.


Stem Cell Stock Informer



Disclosure: I'm currently long GERN, STEM, CYTX

0 comments: