bad news for shareholders. These ws crooks are pumping this pig so they can sell to you at this inflated price at forward PE of 80 when the growth rate is more at 20 to 17 %
There will be events this year that bring both into more of a reasonable balance on stock price. I own both so while having enjoyed the run up will enjoy the improvement with a beat down SQNM. Considerable money will be made with the strategy I have in place at this time.
The share price still has to make sense, and the share price has not made sense for a while now. What I posted on Feb. 24, was that these shares will have a weak Monday and a down week, two days into that, I am so far 100% correct. 300 is not going to happen within a year, and $200 probably may not happen this year after all. in the chart, price action, pattern, etc.
Todays press release proved my point. The stock price right now is a joke compared to what it will be one year from now.
Look at their press releases and that will tell you everything. They are the leader by far in the industry and they are going to blow away their numbers.
Can anyone give me a brief (and sincere) explanation as to why there is such a huge valuation difference between ILMN and SQNM? I have visited the SQNM board, but it is infected with posting bots and the unfortunately many of the posters are unhelpful shorts. Thank you.
I said nothing against you wally. We need to be friendly and polite with everyone here. This board is not an instrument for derision. As this stock tops out, we see signs of excessive behaviour and euphoric remarks from people that are one more part of the topping signal. Be safe and be aware that you may be posting messages that are by themselves another type of technical indicator reflecting on this overbought situation.
My point is this board is not an exclusive club for glazed eyed wild optimists, and there should be room here for a cautious voice of reason to show up here once in a while. Do people here remember what it is like to be in an overbought biotech when it finally tops out, .....down several dollars each day until you finally decide to join the rush for the exits. This has had a great strong trend that was remarkable to watch, but it is now becoming old and stale. This is a trap preparing to be sprung. People may now have very little time to come to their senses and be reasonable about what is happening here.
I think you may have picked precisely the wrong day to get mouthy about this, tomorrow is likely to be a weak or a down day for ILMN, and the next week is going to be the first down week for ILMN in a long time. This stock has been above 70 rsi for almost every day this year. The general market now has many disconnecting signals and this is not going to keep shooting up while the market is showing so much internal deterioration. I had a good day today long on NUS, HLF, and various gold shares. I'm not trying to tell anyone what to do, just think there should be more caution here.
That's funny...its already returned 30% for this year to date...lol
Sentiment: Strong Buy