This stock should be at least $66 right now with such earning according to Q2 earning price initially jump to $44 (actually it jump to $45).
Q2:16 cents = 2*8, Q3:24 cents = 3*8, Q4:32 cents = 4*8
$44=2*22, $66=3*22, $88=4*22
I am very bullish on ILMN and the market but this stock has had a great run in the last 30 days....It will pull back and may pull all the way back to 53 but in the long term it will continue to lead the market and make us all money....My suggestion is to forget about it and look in 30 days when all the trading money is out and the real believers are still in....
Are you talk about the same thing as below ( from GOOG site)?
Illumina on another upward trend?
From: maxwellcof...@gmail.com - view profile
Date: Tues, Oct 23 2007 4:16 am
Will the newly announced miRNA assay that has a fast speed costs less
then 50% of competition be what it takes to send illumina on another
massive upward trend? I think it just might :)
the conference call is critical at this point as they seem to be raping the company again with thier stock compensation... They have said that their Non Gapp for Q4 is going to be the same as it is for Q3 that doesn't show growth so they need to give us a good explanation of why revenues are not going to grow Q4 like they have every other quarter...(something along the lines of production constraints due to full production lines would be good if they have a plan to increase production at another facility)
EPS of $0.34 ex items versus consensus $0.19, >50% beat
Also guiding well above consensus on Q4 at $0.32-$0.35 v analyst estimates $0.21. Stock should be up huge. Maybe there is a technical glitch after hours.
May be it is just retailers having fun in AH b4 CC.Once the CC is done and tomorrow pre-market we should see the correct performance of the stock. With those extra-ordinary numbers I really feel it should fly high -- correct me if I am wrong.. am I not seeing what those sellers are seeing.
I guess the share price went up because of views like this:-
"why do i get the hunch next tuesday ilmn is going to blow out earnings like never before.
street est are .15- .26 with an average of .19
im thinking we may get .30 and revision upwards for next qtr.. ???? "