As a long time investor of Complete Genomics, I have a few things to say about this abomination happening to the GNOM stock:
1) This company has insane forward growth potential...
If you think this isn't the exact same company as Quest Diagnostics, you are completely insane. Every Bio firm is going to use an outsourced company to do genetic testing.
2) It's a multibillion dollar industry that hasn't even STARTED to be tapped yet.
The logic that there is no growth potential in the entire Biopharma industry, ESPECIALLY with evolving medicines targeting gene therapy, is also absolutely ridiculous.
3) If you look at the revenue stream, exclude expenses for R&D as this company is already in the implementation phase of their new machines for 3QFY12, the sky is the limit for growth potential.
One day I hope to be an analyst, but for now I am just a sideline investor, just like everyone else. But to say that this company, with the highest accuracy rate out of all the Genome testing facilities, has no future...WHILE their revenue stream is GREATLY exceeding the previous FY, completely fraudulent, completely fictitious.
Get off these boards, stop trying to destroy the value of the shares purely to inflate growth potential during a huge pump.
I am sick of this, and I expect great things out of this company. GL to all longs, and to those that contributed during the IPO, I personally thank you!
To all the Bashers out there I say this...
This is day 1 of the war. I promise I will not stand for developing technology to be stunted by people that have no concept of Capitalism other than that they have the right to make money.
We will beat you. Bash all you want, the revenue will speak for itself. Longs, good luck, I will fight against the shorts for as long as I can.
All I ask is this:
When people ask what the new developing technology is, you tell them about our cause. This is a big deal, whether or not people believe it.
I have been following this board for a while...
It makes you wonder what the motive is behind all the bashers. Why is there this much targeting while the quarterly report was a good one:
-They beat expectations by +.02
-Forward estimates for quarterly growth is 100% by the end of FY2012
-Estimated order growth of 50% quarter over quarter starting Q3FY2012
-Cash assets of 2.40ish per share
Bashers beware, this is a stock that has no validity at these prices. Longs, we are in for a fight here, but we are in a winner here. Be proud to be in at the ground floor for something that is going to just explode within 12 months.
Exactly. Everyone can take a look at ILMN's entire chart history and see that they opened strong at their IPO, then was in the tank for a few years before... well the charts speak for themselves. Hang in there longs!
"If you think this isn't the exact same company as Quest Diagnostics, you are completely insane. Every Bio firm is going to use an outsourced company to do genetic testing. "
I like it.
Agreed..I had lot of faith in GNOM until the last earnings. All was good here except there is definite need for money. I got out at 2.35 when it tanked. Also, management needs to straighten out expectation in terms of revenue. PPS was punished because lack of managements ability to forecast revenue accurately. Also, downward trend is active until it reaches to 1.50. I dont doubt their technology but they sure need money. I will get in at whatever price but not until they are done with offering.