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Pacific Biosciences of California, Inc. Message Board

  • rickotto1 rickotto1 Oct 16, 2012 1:19 PM Flag

    Why i bought PACB today....

    Took a HEAVY position at 1.34 today..why ? because this surely looks OVER SOLD bad news with PACB...just a stock that has been a laggard and forgotten basically, but this is still a biotech stock that traded from 1.30ish to 5.27 this fact it spent much of its year in the 2 dollar plus range, and until very recently was in the 1.80s....THIS LOOKS LIKE A NICE BARGAIN at 1.34 today....I believe this is likely to be just close to year end tax loss selling, and folks who just got tired of the losses...i have made HUGE money in similar plays like this..go look at my calls on CWTR, and JAG, where i got them at HISTORICAL LOWS of .45 and .70 cents each....this BLEW UP MY proprietary screening program today with a 5 star buy rating....when i took a closer look i agreed...lets not forget GNOM was recently bought out too.. DONT FORGET THE CEO BOUGHT 400,000 SHARES IN AUGUST AT 1.81 ! This stock is poised to move back and well beyond that level in the near my opinion....

    Sentiment: Strong Buy

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