I don't place many Strong Buys on biotechs, however, today at $3.93 I'm putting my rare Strong Buy on Sequenom. (SQNM) This is a company that I placed my Strong Sell at $23 in 2008. My reason, Sqnm was starting to sell a noninvasive prenatal test for Down Syndrome without a partner. My common sense told me that it would be easy to show a false positive with this type of test. Should a parent decide to abort a child only to later learn that their child had been healthy... well you can imagine the rest of the story as Paul Harvey would state. I attempted to strongly encourage a friend to sell to no avail in the mid $20 range. Sad.
No, I would not sell one share of Vical to buy a share of Sqnm. However, should you want to spread your risk cash around biotechs, Sqnm would be the company IMO. Sqnm may be a strong take over candidate if it does not rise on its own merits. Etch my Strong Buy in stone. Thank you and have a great day! :>)
Great call on SQNM, Dark.
How do you see things playing out for SQNM from here? Do you recommend trading SQNM or buying and holding? Has it run too much to buy at the current levels?
Any additional thoughts on ISIS? Any other new recommendations?
Yes "crazy" is confused as I still do know the fatal flaws of antisense technology and have stated so for over a decade... nothing has changed. There are other aspects of Isis technolgies that I do like and have stated so for over a decade such as targeting. Chuckle. :.) BTW, have you noticed my "Strong Buy" on SQNM at $3.96 on March 22nd 12? Again, I hope you have accumulated shares of Vical as it to will have its day ! Again, as I have stated many times, " I do not own even one share of Isis up or down." Chortle with a chuckle. :>)
Dark has had a pretty good record. I sense he knows that ISIS is over-sold based on the present risk/reward ratio. I don't know how anyone can say that he is manipulating anything. He has called things as he sees them. t