Well, so long to that concept! The institutional owners obviously believe their long term convictions on the company.
It appears that it was indeed manufactured...to collect the stops the next day...typical WS hardball. Look at the first few trades Wed AM. Remember this and NEVER use STOP LOSS orders.
Illumina is UP for the day? You mean that the "big" drop after hours yesterday was manufactured to create fear so that the few retail investors that hold this stock would panic and sell? That doesn't happen..........does it?
Analysts kept trying to fish if there was completion such as ILMN which caused ILMN earnings to miss. But ILMN would not say anything about competition only it was a sales process issue. Sorry sale process issues don't just happen out of no where to make the need for new management for Europe Sales. It's clear that it's a competition issue. PACB Europe sales were strong while ILMN was weak. With the conferences that PACB is scheduled to be at these coming weeks and months looks like they are now focusing on Asia. Will be interesting to see how ILMN sales are in Asia next couple of quarters.
Sentiment: Strong Sell
Some startling action so far today, pushing the price up to $136 at one point. With the 90+ % owned by institutions it be a gentle slope down if that evidently.
Mostly execution problems, sounds like they do not have a good read on their customer base anymore, not a good sign for 2016
Thanks for reminding me I still have some AAPL to unload....sigh
"As we have previously shared, Q1 was a slower start to the year than we expected. Our view of the growth potential of the sequencing market remains unchanged, as the largest opportunities are in their earliest stages of development. In the near-term, we are focused on improving execution to restore the growth rate we believe our markets can support."
Don't quite understand the reaction after hours...Didn't the company give you a warning couple of weeks ago? It did drop from 180s to 130s like 2 weeks ago for the same reason. Already priced in.
Sentiment: Strong Buy