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Sequenom Inc. Message Board

benjiro33 2 posts  |  Last Activity: Jul 5, 2016 11:52 AM Member since: Aug 28, 2012
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  • Reply to

    I have liquidated my SQNM position

    by allen_95677 Jul 5, 2016 11:47 AM
    benjiro33 benjiro33 Jul 5, 2016 11:52 AM Flag

    Sorry to hear that Allen. I know the feeling all too wel. Good to hear that you still have other options. Tip: Avoid the Pound :)

  • Reply to

    Let me see if I have this straight

    by max_bialistok May 5, 2016 9:58 PM
    benjiro33 benjiro33 May 9, 2016 4:35 AM Flag

    Falling timber sounds about right.

    The reality is we can trace bad bad decisions making all the way up to 2010/2011, when they delayed there T21 test too long waiting for the reviews. This gave the competition the much needed time to get there own tests done and ... well ... we know the history from one bad step to another.

    Frankly, its easy to see where the problem is/was. They got there money always too easily from institutional investors. When the little guys like us complained & worried about the decisions they made, they simply ignored this feedback.

    For now at these low 1$ ranges, they are just royally screwed. They are burning money away and well, the investors ( even the long one's ) have given up on there one after another bad decision making.

    They may stay afloat but in this competitive market, they will simply limp on. Even if they can get there patents ( like T21 ) reinstated by some miracle, and they sue the pants of any competitor, the money they get back will never come close to the money the lost because of those same competitors in the market. That is a strong reality. And that is assuming they survive that long.

    The loss i made on this stock was probably about two years of working down the drain. Lucky i do not need to work until my 70's to compensate the stock loss ( pulled the plug at 3.5 ) but it still hurts losing 1/3 of your money.

    I never understood how the management can even be allowed to get stock / compensation for the #$%$ poor job they did. We all know why Harry etc left the company. They got a nice extra pension salary out and back to retirement to let somebody else clean up the mess.

SQNM
2.37+0.02(+0.85%)Jul 28 4:00 PMEDT