I have never bought a share of GHDX on the open market and don't plan to either (already overweight with this stock and all were bought pre-ipo) but I would guess that today's action suggests a near term bottom.....whole lotta bad news baked into this price....now green on the day...might be all the downside we see?
Now that they've lowered the bar so far for 2014 revs and eps, they should have easy comps going forward.....immaterial to me, though.....my selling window is still several years away....I am happier with the both-feet commitment to prostate than having potentially higher eps near term.
I trade many stocks....but not this one....but I sometimes wish I did....fabulous volatility here....good luck to all....
I agree with most of what you wrote hobo. However, I still think think my strategy of selling upside calls when the price goes up and buying new shares on these dips makes sense given the volatility. At least until the trend really changes. I plan to keep my core position but sell calls on about 25% of my holdings. I think this strategy is good for the next 6 months but will reevaluate after the mid year. I may lock up the trading shares if progress starts improving (i.e., more prostate validation studies and visibility on medicare reimbursement for prostate)
Small companies like GHDX never get to make the big money,a bigger pharma/Co always comes in for the kill and the quick buck insiders and shareholders love. Would you take $65 tomorrow?,if not a majority would.