Would you rather have a high volume pop and drop, or a nice steady accumulation type volume ?
This stock is being steadily, nicely accumulated.
Haha... They(Zacks) really don't need to know what's going on behind closed doors.......all they have to do is follow the positive news, just like we are doing.
In October the blog site (Zacks) put an Outperform rating on PACB, yesterday the put a neutral on PACB with a price target of $7.30.
Kind of ridiculous to initiate an Outperform in October, then in November go Neutral on the stock, especially in light of the positive news releases since then.
They claim to have a stellar track record, but I myself have followed some of their stock picks in the past, never bought any of them, but just wanted to see how great they were/are, some of the junk they pick as Buys I wouldn't touch with a ten foot pole. The ones they do "pick" that are worthwhile are the obvious ones that most already know about.
They have about the same influence on stock price as SA writers, in my opinion.
Yeah, Outperform in October, Neutral in November?
I guess the better the news gets, the more Neutral they are on the stock ?
Look at their opinion on PACB on October 22, it's on the main page for PACB here on Yahoo.
John F. Milligan, PhD
President and Chief Operating Officer
Dr. Milligan joined Gilead Sciences in 1990 as a research scientist and was made Director of Project Management and Project Team Leader for the Gilead Hoffmann-La Roche Tamiflu® collaboration in 1996. In 2002, Dr. Milligan was appointed Chief Financial Officer. He was named Chief Operating Officer in 2007 and President in 2008.
Dr. Milligan was named "Bay Area CFO of the Year" in 2006 for companies with revenues greater than $500 million, and he was named the top biotechnology industry CFO in the United States by Institutional Investor magazine in 2006, 2007 and 2008. Dr. Milligan is a member of the boards of Biotechnology Industry Organization (BIO), the largest biotechnology industry organization, and Pacific Biosciences of California, Inc. He is also a Trustee of Ohio Wesleyan University.
Dr. Milligan received his BA from Ohio Wesleyan University, his PhD in biochemistry from the University of Illinois and was an American Cancer Society postdoctoral fellow at the University of California at San Francisco.
Hey darkhorseinvestor.......The guy took $5 MILLION out of his pocket and bought $5 MILLION worth of PACB shares, from June to August 2014.
Question: Do you think he made this purchase with LACK of confidence in PACB ?
Your question kind of amazes me.
I bet he's real happy already.
There are various reasons for an insider to sell their stock, but there is only ONE main reason they buy.
They have a much better view/idea where the stock is eventually going than we do.
And he did not buy just a token amount.
He likey what he sees.
Then take just a few seconds of time to think if you've ever seen a company of the size of Pacific Biosciences with a CEO of his magnitude.
Simply check out his background........and what he has accomplished.
I have had in a long long time, no doubt about it.
People that are daytrading this stock, or flipping or whatever they call it are eventually going to have a nagging annoying pain of watching the stock in it's upward trend.
I believe there will come a day the stock will routinely move as much as the current selling price in one day of trading.
Always remember one very important fact in the stockmarket................long term capital gains against short term capital gains, Uncle Sammy loves the massive amount of capital forwarded to them from the short term traders, as compared to the long term holders.
The penalty ($) for short term trading is immense.
And you also don't believe in bringing up past positive events , because you already know about them.
And to hell with those that don't ?
The chart is the picture of the stock, and a picture is worth a thousand words............to those that understand the words.
That's always a good sign technically. The first bullish flag lasted 5 days before advancing, the second bullish flag lasted 4 days before advancing, now we're in the third bullish flag, for 5 days so far.
Bullish flags make their initial move on much larger than normal daily volume, that first move is called the "flagpole" then the stock consolidates at, or near the top of the flagpole, which resembles a flag or pennant on the chart, an during consolidation the daily volume dissipates during the consolidation. That is a sign that the current holders are comfortable with the current stock price, while the profit takers are leaving, other side-liners are waiting and hoping for a big move down to come off the sidelines and enter, if and when that downward move does not occur.............AND the volume has dried up , that means the selling pressure is all but gone, and the side liners have no choice but to now enter......and the next leg up begins.
rekhaus Take into consideration that not everybody is aware of everything that we are, this message board is one form of info for newer holders.
And $135 Million in debt , which leaves them with $257 Million in cash. The acquirer gets the cash, so this "deal" is not all that great.
Coincidentally I just came in form outside where I was staring at the sun for thirty minutes straight, and it awakened me to the fact that on Haloween eve the stock will do a triple reverse-split. But will recover 150% in two and a half seconds.
But if you blink you will miss it entirely, and never even realized what just took place.
I don't believe they are short, just a few people with a lot of time on their hands and nothing else to do other than post on these message boards for some kind of attention.
It's no cost entertainment for them
Nobody can be this stupid to not realize the facts/news that are going on, like you say on a daily basis.