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Pacific Biosciences of California, Inc. Message Board

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  • domino3502 domino3502 Dec 5, 2012 3:27 PM Flag

    way overbought and topping out.

    Lets see, the company is worth only around 90 Million.

    The CEO happens to be filthy rich from his previous stint at AB and he's buying 50,000 shares everyday at market price and he hasn't stopped buying shares.

    Tell me why fundamentals matter when it looks like he's going to buy the whole company.

    I am laughing so hard at some of you shmucks who are buying high and selling low because OH NO THE STOCK PRICE IS GOING DOWN I NEED TO CUT MY LOSSES.

    Here's a tip: it's just a smalltime hedgie manipulator trying to cover his shorts, sorta like what happened with netflix this week.

    Toodles

 
PACB
8.81-0.12(-1.40%)Feb 12 4:00 PMEST