I seem to recall that many funds aren't allowed to buy stocks under three dollars. After this guy broke three and stayed there for a while, it opened the door to these funds. Any other idea why this stock seems to be exploding upward? The volume isn't huge as it goes up though which makes me a little nervous but otherwise I'm not complaining.
In a previous post I raised the question about the new member of the board of directors, John Milligan, this guy is the president of Gilead Sciences which is a $100 billion company, my question is what would bring the president of a company of this size to join the BOD of PACB, which is a $250 million company unless there is some relationship between the 2 companies that is developing in the background.