The market pendulum is in process of over swinging far to the downside on the Greek/EU issue.
That said, I sold 50% of my shares at $3.08 this morning.
Will probably buy back those shares later this week at a discount, averaging down, depending on overall market conditions.
Da Plum is ripe for picking. Is Jay watching?
Hey Mitch. What say you?
I suspected a 50% drop or so might be in the cards after losing the 540 patent, but I hoped it would not be true.
I am considering selling 50% of my position if we hit $3.00 which is close to my cost basis..
Finger on the trigger.
Real valuation of intangibles and tangibles is not yet possible with the present cloak existing around the pooling agreement. It is possible that the pooling agreement has some hidden benefits that we are not yet aware of.
I believe SQNM has yet unquantified value (LB, etc. hopefully), but this will not emerge for a period of time. Yet, SQNM is well positioned to be bought out or merged with.
I'll make no comments about the effectiveness of this truly disappointing management.
Sell, average down, buy or short is the eternal question.
I was going to mentions option
D) Until someone, gets shot, dies or gets fired.
But I thought that would be tacky and not up to the standards of this message board.
Me thinks people are just giving up all hope.
PPS will just keep on slowly drifting lower until.
A) Buy out news.
B) Good earnings news due to patent pooling and a huge NIPT market increase world wide.
C)New LB patent granted or some other major discovery.
But all this will take time, and it is very possible that none of the above will happen.
Time to Buy, Sell, Average down and maybe even short?
Makes you think:
Is it time to Buy, Sell, Hold, Short or average down?
Inquiring minds want to know.