Use access key #2 to skip to page content.

IBDvalueinvestin (99.67)

DNDN part II? SQNM nothing has really changed.

Recs

4

April 30, 2009 – Comments (3) | RELATED TICKERS: SQNM

DNDN part II, watch this do same thing as DNDN...

SQNM trading near cash value, this was $25+ not too long ago.

3 Comments – Post Your Own

#1) On April 30, 2009 at 10:01 AM, IBDvalueinvestin (99.67) wrote:

I am expecting to see big insider buys now that SQNM is below $5, that will be the hint that Everything will work out like it did at DNDN.

 

Insiders started buying SQNM at $16 when its stock went down from $25+

 

13-Mar-09STYLLI HARRY
Officer2,000DirectPurchase at $13.40 - $13.44 per share.$27,000213-Mar-09HAWRAN PAUL W
Officer2,000DirectPurchase at $13.46 per share.$26,9206-Mar-09FAZIO JOHN A
Director500DirectPurchase at $12.75 per share.$6,3754-Mar-09HAWRAN PAUL W
Officer5,000DirectPurchase at $13.45 per share.$67,2502-Mar-09SCHMIDT KARSTEN
Officer2,061DirectOption Exercise at $0 per share.N/A13-Feb-09STYLLI HARRY
Officer10,000DirectPurchase at $16.44 - $16.55 per share.$165,000213-Feb-09FAZIO JOHN A
Director500DirectPurchase at $16.95 per share. Report this comment
#2) On April 30, 2009 at 10:30 AM, EverydayInvestor (< 20) wrote:

Not trading at cash or even book. It is trading at 2x tangible book now. Not low considering their problems.

http://finance.yahoo.com/q/bs?s=SQNM 

Report this comment
#3) On April 30, 2009 at 2:55 PM, PDTBiotech (91.66) wrote:

You might be right about it being an over-reaction, but I think what scared people is that this came out of R&D, it wasn't some desperate brand manager who snapped and started making things up.  If the lab workers who did the studies and handled the data are dirty, SQNM could have a very big problem - they got an independent committee to investigate all of their programs, so it's not being taken lightly.  Their product is actually a technique and its interpretation, and if that technique is compromised they're selling thin air.  Stylli couldn't give any details on what's going on during the CC because the investigation is still ongoing, and I don't think that helped.

Report this comment

Featured Broker Partners


Advertisement