i was in at 3 and sold some at the top of 256 (4:1 split = 84).
nearly 100 bagger, but it was really internet bubble. i am just amazed how this stock is being manipulated. but they play psychology, as long as we are sinking nobody believes and wants to buy. we will turn soon, its like a reverse top, momentum cannot be held, then we turn and everybody wants in ... seen many times, herd of sheep .....
I rode mygn from its Ipo in the 20's to nearly $100. round 2 underway........................Don't get suckered out of your shares at these ludicrously low valuations! U should be buying when u are crying! The saying has never been more true than right here, right now. Mygn's 1.4 billion mkt cap is a joke given cashflow, eps, etc. $400 million of cash (and counting as i type this sentence) doesn't hurt either!
mygn's recent share price weakness is near impossible given an active $100 Million stock buyback underway! the only logical conclusion: Buyback suspended due to "discussions"......any open mkt purchases would be tantamount to "insider trading"! We will know soon enough! If Goldman is involved, we should see huge front running(see sepr,leap etc). Here's to the insider traders that will pile in ahead of any annc'd deal.
Sepr(sepracor) was pounded to 52 week lows($10.20)..Goldman moves Sepr to a tactical short sale at $10.50 and it screams to $15 in a week! 6 weeks later sepr is bought for $21.50 cash(by a japanese co.). Can u say, "tipped off oversea's". Leap(leap wireless) pounded to 52 week lows ($12ish) on a Goldman tactical short reccomendation. Leap rips to $20/share on "take-over rumours", backs off to $15, & Goldman is announced as their Inv banking firm hired to "sell the Co.". My point: It's not unusual for a firm to crush a stock (to cover a short) then rip it into a take-out! Mygn is lining up as a "classic case"
Given current valuations & long term outlook, big pharma likely has mygn in its sights! If not friendly, then hostile! Near term given current valuations & possibility of a sharp recovery in shares!