I am quite surprised to see the price moving up so quickly. In fact, that is an understatement. I am amazed to see this kind of strength. I really expected that we would remain in a trading range...
I must say I agree, however, BNGO has shown time and time again that it's upward movements are "fast and furious" (my favorite BNGO price action description).
So the question then becomes, where's our ultimate trading range going to fall, $8, $9. If you want my guess, I'd now say $10-$12 within a few weeks. For the following reasons: a) the past couple days action has been astounding (we're up ~50% since Monday), b) likely that many professional investors and/or institutions, investment houses, partnerships were waiting for the warrant call to be complete and are buying RIGHT NOW, c) Mr. Fearnow, IR, stated that pro's were waiting for the increased float and liquidity to plunk down, d) prior-to-warrant-call trading range $9-11, e) the stock is simply worth more than it's at and smart money recognizes this.
This is getting really exciting folks! I've not been this excited about BNGO since the fall.
dax |
