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Author Topic: SQNM - Sequenom, Inc. - NASDAQ  (Read 6868 times)
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eric1960
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« Reply #15 on: August 07, 2009, 07:26:41 PM »

The sentiment has changed  to very negative here because of :

http://finance.yahoo.com/news/Sequenom-2Q-loss-grows-as-apf-3190120263.html?x=0&.v=1
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eric1960
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« Reply #16 on: August 14, 2009, 05:16:43 PM »

I wouldn't give up on this stock, this could be a big winner. Right now I wouldn't buy until next PR, watching the computer closely. Maybe a position in a call or put.
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eric1960
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« Reply #17 on: September 21, 2009, 10:12:20 PM »

Calls:         Bid      Ask     Volume    Open Interest
09 Oct 7.00    0.35     0.45      6929            4954

Puts:          Bid      Ask     Volume    Open Interest
09 Oct 7.00    1.35     1.50      6527             426
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Jack
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« Reply #18 on: September 29, 2009, 08:08:32 AM »

Sequenom fires CEO after Down Syndrome test probe

* Says chairman Harry Hixson to be interim CEO
* Says CFO has resigned

* Shares plunge 43.7 pct (Recasts first paragraph, adds details, dateline)

NEW YORK, Sept 28 (Reuters) - Sequenom Inc (SQNM.O) said it has removed almost its entire top management team as a result of a scandal involving mishandling of research and critical data on its prenatal Down syndrome test.

The genetic analysis products maker's board said it fired president and CEO Harry Stylli and research chief Elizabeth Dragon and obtained the resignation of Chief Financial Officer Paul Hawran and one other unidentified officer.

Three other employees were also dismissed following completion of an independent investigation by a committee of independent directors.

The company's shares sank more than 43 percent on the news.

In April, Sequenom delayed the launch of the SEQureDx test, citing mishandling of research and development test data by employees and said it had initiated an independent investigation into the matter. [ID:nBNG440128]

"The company failed to put in place adequate protocols and controls for the conduct of studies in the Trisomy 21 (Down syndrome) program," Sequenom said in a statement announcing the changes at the top.

"Certain of the company's employees also failed to provide adequate supervision," the statement said, adding that, as a result, test data and clinical results included "inadequately substantiated claims, inconsistencies and errors."

The San Diego-based company is already facing a U.S. Securities and Exchange Commission investigation and a series of investor lawsuits over the publication of misleading data.

The company repeated that it is no longer relying on any of the previously announced study data for its prenatal Down syndrome test and said the public should not rely on the data reported in prior news releases or other pubic statements.

Board Chairman Harry Hixson has been appointed as interim CEO, the company said.

Sequenom shares fell to $3.20 in after market trading from their Nasdaq close at $5.69.

For the alerts, please double-click [ID:nWNAB3931] (Reporting by Bill Berkrot; additional reporting by Shailesh Kuber in Bangalore; editing by Ratul Ray Chaudhuri and Andre Grenon)

http://www.reuters.com/article/marketsNews/idCNBNG47956220090928?rpc=44
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muhammadmughees
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« Reply #19 on: September 30, 2009, 11:43:27 AM »

Volume picking up... heavily shorted.  In @ 3.3
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eric1960
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« Reply #20 on: September 30, 2009, 11:53:53 AM »

Shorted for good reasons. W/O some positive news, this will trend lower.
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elliotmah
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« Reply #21 on: October 01, 2009, 03:28:58 AM »

Shorted for good reasons. W/O some positive news, this will trend lower.

Agreed, thinking a call/put is risky also,  maybe a leap Grin
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eric1960
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« Reply #22 on: November 11, 2009, 08:37:25 AM »

Probably a buy around this level.
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eric1960
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« Reply #23 on: November 11, 2009, 10:18:50 AM »

I think this can go to 4.00. All of the bad news is out. Very liquid stock.

http://seekingalpha.com/article/172346-sequenom-inc-q3-2009-earnings-call-transcript?source=yahoo
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eric1960
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« Reply #24 on: November 24, 2009, 02:16:48 PM »

Getting close.
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Chipldr999
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« Reply #25 on: November 24, 2009, 02:20:38 PM »

Looks like a good opportunity to make some money.  I told myself I wasnt buying more until my others run.  Hmmm.  That would be a bad trading decision.
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Chipldr999
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« Reply #26 on: November 24, 2009, 02:23:26 PM »

Although, I did get into BEAT one time with similar action.  I know docs going to say no stocks are similar, which i believe 100%, but I just want to point out the other side.  This one eventually faded.
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eric1960
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« Reply #27 on: November 24, 2009, 07:47:41 PM »

I'd be a seller here unless news comes out.
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eric1960
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« Reply #28 on: December 23, 2009, 11:53:33 AM »

A lot of people think this company will come back. I think it's very risky here.
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Dr PennyStock
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« Reply #29 on: December 23, 2009, 12:13:28 PM »

But it has good indicators, the ADX just gave buy signal.
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