Will 02012 Be a Good Year For Stem Cell Stocks?

StemCells (STEM) had a good yesterday (02012.01.26), but I don't know why. STEM opened at $0.81 (up a penny) and hit an intra-day high of $0.93 before closing at $0.90. Volume was 9x the trailing-3-month average.

I started writing this prior to the market opening today (02012.01.27) and I wanted to post it before the market opened, but I waited because I noticed that our other stem cell stock, Aastrom Biosciences (ASTM), was up in pre-market trading.

At the open on 02012.01.27, ASTM spiked from $2.00 to $2.09 and STEM spiked from $0.90 to $1.02.

In a nutshell (it's a nutshell because it's all I know), it appears as though investors are getting increasingly bullish on how well the stem cell industry can do this year.