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Wednesday, July 30, 2008

SQNM Still Has Potential for a Double

One of my recent favorites, Sequenom Inc (NasdaqGM:SQNM) has seen shares surge from the $5 range back in April to a recent high of $23. Unfortunately, they can’t cure Down syndrome. Fortunately, the company has developed what many experts anticipate being the industry standards test for Downs in the future.

If we see a dip back into support at around 18, near-term, my guess is that many investors will be adding at that point in hopes of a run into the $30-$40 range, which is not out of the question if the test does live up to its hype. With shares selling off into the $20 range today, now is a great time to roll your sleeves up and conduct a little due dilly of your own on SQNM.

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