Sequenom - All Systems Go on Down Syndrome Test
By:
TraderMark Tuesday, September 23, 2008 6:31 PM
Sequenom (SQNM) just
posted quiet bright news in relation to the study we've been waiting on. Not one single false positive in either the 1st or 2
nd trimester in the follow up round of testing - boo
yah. This is more of a 2010 play, but we could be seeing the birth of one heck of a franchise here. The stock is up about 12% in after hours. One day, when stock pickers take the Earth back from
quant hedge funds and
daytraders, news like this will matter for more than 3 hours. I do enjoy finding bright companies early in their public life, and the
occasional news like this brings hope that fundamentals one day will matter in the day to day
morass that is this stock market. Like that 1 good golf shot in an awful round it reminds one of the reasons they used to like the stock market "game" - ah the good ole days when research mattered.
Until then, we can assume the stock will be sold short and negative within 24 hours.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
