Dennis, there is a reason why i am impatient. I will NOT own the stock anymore in 2016. Planning to invest the money into a commercial property ( still looking for a good building / location ). I have already mentally given up to ever seeing profit after 5 years, and i am pure in "damage" control mode. Hoping to limit the losses. That is it. Other people may still have patience. I ran out.
And in all honesty, i expect Q3 reporting to be not so good ( especially with that extra one time 3 a 4M payment ). I need $5.3 just to break even ( and that is not counting the bank taxes / expensive 30$ transaction fees ( what i have 30 or so ), and other costs, or revenue losses ).
In 2011 i was in the same situation ( but i had still faith in SQNM ). We ended up getting alternative finances to cover a deal. This time, there will be not alternative financing. So for me, SQNM is FINISHED. I am looking for a good exist point. Be it tomorrow, next week, next month, ... all depends on how fast we find a good deal, and how long it takes at the Notar until we get payment papers.
So anybody who gives me the "wait, wait" can just shove it where the sun does not shine ( sorry ). I have given them 5 years, and got nothing but massive losses in return.
* Transaction fees
* Interest losses
* Losses because the stock is still like -20 a 25.000#$%$ in debt
* Losses because one time i was forced to sell a thunk ( right when it was like $2 ) and only able to rebuy it with it hit $3.
Some people have the luxury to wait forever. I do not, as its starting to majorly limit my other activities. And i do not tolerate it anymore. 5 FREAKING YEARS! Buy any stock 5 freaking years ago, and you have 90% change to get a massive 300,500,1500% return. I just gambled on the wrong 10% stock, and i regret is more & more.
The fact that even now, that we are Q3, almost Q4 ( when the company is supposed to be expense neutral ), and stock is still lagging, refusing to move = very telling!!
Nice of you to mention DNDN. Wait, was SQNM not the next DNDN ( something that a lot of regular here kept yelling? )?
Actually, Illumina is up about 350% from there 2013 Verinata takeover.
KERX is up about 500% from the moment or 1500% after there 2008 crash.
SQNM is just about holding there 2009 ( after crash ) level, after 5 years of "progress". That is ... right ... 0% gain. Or lets compare it to there pre-crash numbers. 20$ to 3.5$ ... or lets compare it to there "after 2009" recovery, when they did 6,7,8$, right? Nice gain also?
DNDN is down like hell, but then again, SQNM was going to be the next DNDN. Looks like those 2009/2010/2011 guy have been very accurate in there predictions. SQNM did crash just like DNDN. I know, i know, those guys expected SQNM to be worth 40$, not a measly 1/10. ;)
But are going going to dare, argue that SQNM STOCK despite all the "good news" is making any good progress? Looks to me that the stock is again pulling back or flat-lining. While a lot of other stocks are like always growing again. O wait, is the market not at a all time high? New market records???
So, what if the market retracts? What will SQNM do, do you think? Seem SQNM does not go up with the market, but like to still go down again.
Where is all that green push up? Right ... like every FREAKING TIME with SQNM, give investors some hope, and then crush them again with it. Piece of f*cking #$%$.
Nothing new in the wonderful world of Sequenom ... *sigh* ... KERX up 8%, Illumina 3.5%, EXAS 4%...
Hell, even DNDN was up today, like 99% of all the other companies. Who closed in the red? Yep ... SQNM. *sigh* ...
Its called ... manipulation. When you have a large group that have a vested interest into manipulate some stocks, well ...
It will not surprise me, that the reason why some do not stop manipulating the stock, that there reason goes back to the 2009 crash. Probably a lot of big boys got burned, and i suspect that some of the manipulators are people/companies who got burned at that time.
Sound about right... As to what there motivation is, it has been everybody there guess. From all the stocks that i monitor, this is probably the only one that keeps acting abnormal compared to its news / progress. Its better now then in the past ( there is some up-pressure ), but like last Friday has shown us, it does not take a lot to crash the stock down. And yea, a 5% drop in the middle of the day, on nonsense news, that does not affect the company ( people will still be having babies, that need testing ), proved how weak the stock still is in regards to manipulation.
Looks like somebody is having fun again. All the other stock show a slight drop into red, while SQNM drops 1,2,3,4,5% ... clearly somebody trying to take out the stop-losses again / scare people. And in a hour or so, we are probably back to a normal "loss" ( compared to the other stocks ). *Yawn*
Actually hipache, your right & wrong.
Will technically there is a monopoly restriction in place, when companies start to become too dominant, there are plenty of ways around it.
For instance, if Illumina buys up Sequenom, then Illumina can be "forced" to sell part of the NIPT business to another company. Lets say ... there Verinata part can be sold again. Then there is no problem, as Illumina has 60% ( SQNM part ), and the other competitors then have the rest ...
A prime example that i remember is Western Digitial & Hitachi. If the acquisition had happened, there will have only been two competitors on the 3.5" Harddisk market ( Seagate & Western Digital ). Western Digital was forced to sell the 3.5" drive division to a 3th party ( Toshiba in this case ).
Ofcourse, Illumina having both SQNM & Verinata is a big no-no. That is probably the biggest reason as to why Illumina never did any takeover bid on Sequenom.
But Illumina is indeed in a slightly dangerous position. Sequenom is clearly trying to move away from Illumina there sequencers. And at the same time, if a big competitor in the same market buys or tries to buy Sequenom, this also increases the risk for Illumina ( that Sequenom moves totally away from Illumina machines ), especially if there is a big company behind it with there own machines or the cash to back a move like this.
I am more surprised that Illumina has been dragging this out this long. They probably assumed that Sequenom there cash position in the past, will have force them to settle. Like the big giant hitting the small dwarf. Even by now they must realize that there Dr Quake IP is much weaker then when they buy the company.
O yea, did they actually pay that 100M? Verinata was acquired for 350M + 100M ( in 2014 ). I do not remember anybody mentioning that Illumina paid that 100M yet. That is probably linked to some goals ( what i assume they did not meet ).
Low volume the last few days. While there have been "spikes" that made the daily volume look look normal, most of those spikes seems to have been trades or absorbed fast.
Look at the pattern the last few days. There is a trading pattern visible again. Espedially those days where the stock opens up "high", and then drops down, and starts trading neutral. There have been plenty of "outbreak" attempts ( with spikes ), but they always get dumped fast after.
Looks to me, that there is plenty of resistance holding at the $4 range. Probably manipulation again ( with counter blocks ). Will take a larger buy spike to push it out of the way.
What do you consider the Quest PR? That was unexpected. Same with the other. Or the more early result on the new test.
So far we know of two events, that still need to happen ( 2 international contracts ). But there can also be events, that nobody expects... From the start of the year, we have had a whole series of unexpected events.
Technically, there is nothing wrong with that. But at the same time, its people who short / sell the spikes, that actually prevent the stocks momentum from continuing. Technically those people there "small" profits, actually hurt the larger group there potential gains.
You short at 4.15 ... that is a spike point in the recent stock history. So, you are one of the reasons then, why we all the time see the: Volume up, chart showing nice progress during the day, and then suddenly all the progress gets eaten up by rapid selling.
somuchforyouz, i am not saying you are the only person, there are plenty of other who do this move. But for a stock like Sequenom that has endured a lot of stress over the years, it always hurts the general stock if people keep playing around with it. And all it does is weaken / costs long term investors there money.
What is all the long term investors start doing that? The stock will probably turn into such a weak stock, with nobody holding it, and it becomes a disaster ( technically its already at this point for the last few years ).
But a stock is normally something you invest in, to make a profit. Shorting is not investing ( one of the reason why i like to see a ban on shorting ). If you own shares, and you want to buy/sell, fine ... but a short is not a investor.
I know, these days stocks really have lost there original meaning with all the 1001 crazy hedge funds and other manipulation that is going on. Its a industry that needs some massive regulation, because clearly some people can not be trusted to keep to the intent ( why a stock exists ).
This is just my opinion. I do not want to start a big debate how evil or good something is. I am just saying: Join the side of the REAL investors. ;)
So ... 23 cent "profit" on your short... That is a fairly weak short position. Especially as the charts do show a constant uptrend.
I added shares at 3.62 and 3.80... Looks like my profit margin on the first block is bigger then your short already, and the second block is showing also progress.
"some schlump will wander onto this board the day before the buy out run up begins, buy a couple hundred thousand shares and make 20M$ overnight." ...
Say that to all the Institutional buyers from 2010. They also expected to make 20M$ overnight, but a lot ended up dumping the shares with loss.
Timing is important for anybody, and this stock is way to unpredictable for its profit potential. We are a few months away from profit. And its still acting like the stock is in the doghouse. The last month and halve, good news, and stock just neutral. So, like i said above, no matter how much scientific research one does on the stock, its just so #$%$, that it can not be predicted like a "normal" stock.
And it not short anymore, because they already dumped over 50% from there high days. Its that general lack of interest that keeps the stock down. A company can manipulate what they want, but its extreme difficult to keep a stock down that has constant buyers. Yet ... here we are again, like start of the year with the non-stop struggle to get over $3, now we see the exact pattern again for the $4. Its just insane.
A few weeks ago, i ended up buying more share, in anticipation for the Earnings. 3.80 ... guess what the stock price is today... ;)
It may sound silly, but me & the wife are looking to buy a hotel, and i probably going to sell most if not all my SQNM shares with a 25% loss. The choice for me is simple:
* Take a risk on a property and make money.
* Stick with SQNM and just wast time. Maybe in 2 or 3 years from now, the stock is ... $8? Who knows ( at this growth rate, its fairly even result ).
Guess what will probably make more money in the same time frame?
Do not get me wrong. SQNM is a great company, but its stock is just not worth the wast of time. I already lost around 10.000#$%$ on this stock ( lost bank interest, losses when i needed to sell at low levels for some cash ( big project ), etc ). In short, i am probably looking at losing close to 40.000#$%$.