i think HGSI or MLNM is a better buy...they have genome information AND products in the pipeline....
CRA is more of an information company and right now,,,the shareholders are scared.
I don't believe they have a valid reason to be afraid,,,but they will sell until there's a new development clarifying the patent issue, or "announcement".
It's a true mo mo stock..and right now,,,folks are saying NO mo....-ng-
i think the panic has come and gone...and now we have the rest of the folks selling their last bit who want to sell...let's let the volume dry up before loading the boat...
BTW...this market looks very weak to me from the technology perspective. the OLD ECONOMY stocks are kicking ass, though.
i think folks are just tired of the volatility and said to hell with it...get me some staid old boring stocks...i want off this roller coaster.
a lot of techs have gapped up and fallen and can't get up...
darlings from last week are now trash.....
clrs, cien, glw, rfmd, hlit...yada yada yada...
GLW actually came out and preannounced better than expected earnings and their gap up has been filled and no one is running to buy stock.
additionally, CNBC has been harping about MER forming a fiberoptics holding fund similar to their biotechs, and other sectors,,,and saying that SDLI, JDSU, GLW, CIEN, SCMR,,,etc would be bought to fill the fund...and still no excitement.
Maybe this signifies a short term bottom...or does this signify a complete change in sentiment?
mike |
