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Genomic Health Inc. Message Board

  • danny_ocean7 danny_ocean7 Jun 30, 2010 3:54 PM Flag

    WARNING!: Do NOT buy this stock!

    I did. It was my own fault. I am bitter but I blame myself. I had good reasons and I was going to list why I bought it and why you should not buy it. But real DD will tell the story. Do check SEC form 4. It may tell you who's selling it and why they are selling 10 million shares to raise cash.

    Don't bother ever to write letters to the company as a stock holder. They do not respond, not even in a form letter.

    By the way the entire market may fall another 10% in the next 3 months. Look at the technicals.

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    • Hey, thanks for the concern. It's always good to know somebody cares. I did sell out that previous week when I talked on June 14th. I guess this response was indirectly from you comment made yesterday to me.

      My reference to SEC form 4 was correct in showing the insiders selling. My conclusion after looking further is that most of the CEO's and such need to sell all their options by Feb 2011. This will cripple GHDX stock price for the next 6 months.

      The info about 10 million shares to be sold is from "The street"

      -Genomic Health (GHDX) shares also traded lower after the company filed late Tuesday with the Securities and Exchange Commision to sell up to 10 million shares of common stock in one or more offerings. Net proceeds from any offering will be used for general corporate purposes, the company said. Shares of Genomic Health slipped 2.7% to $13.43.-

      I follow 120 stocks for the past 10 years(GHDX not one of them, small play). This is a stinker IMO, (my bad).Thanks again for the concern, you're a pal. I hope you are "in the money" with GHDX. If you're not the only hope is for someone to buy Genomics.

    • Funny, you said on June 14 that you sold out. And checking Form 4s won't tell you anything about why they are offering stock. Danny, I am beginning to worry about you.

 
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