Got support on Friday at $0.62xx right where it was needed to maintain the $50mil market cap requirement. This shows me that MM w/big $$ are defending their positions and we'll see Helicos over $1 for ten concecutive days befor Oct 11 2010.
I don't think that HLCS is going back to the .40's. That great buying opportunity has passed. That horse left the barn, and that train left the station. Some of us were lucky enough to buy at those levels. HLCS had a healthy correction in the .60's and .70's after it doubled up the .80's. Next week HLCS should be able to move back up to the .80's and beyond. I am looking for HLCS to hit the .88 mark next week, and then take off from there. Any good news will help it along, of course. In any event, I am holding long term. GLTA
Profit taking may shave off a few pennies. The stock is more attractive at this price than it was when in the .40's. Atleast now we can have some hope in their business model. If some big money sees the potential you can kiss the .60's, 70's, and .80's goodbye.