Genetic Technologies Limited (ADR) (NASDAQ:GENE)

CAPS Rating: 1 out of 5

A biotechnology company, pursuing commercial opportunities in: out-licensing its non-coding patents globally; expanding genetic service-testing business in the Asia-Pacific Region; & supporting research projects in which it is already involved.

Recs

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Player Avatar TSIF (99.96) Submitted: 9/19/2012 2:02:27 PM : Outperform Start Price: $3.35 GENE Score: +21.56

Note the 3 month timeframe on my speculative swing trades.

My 11th call on Genetic Technologies, 4 down, 7 up? Lost count. Usually, best to wait for a low float, low volume equity to spike and then point it back down if you're "into" learning about "mood swings" here on CAPS. Sometimes up works when one gets a reliable pattern....until it doesn't.

Swings from $3.20 to $4.00 are "normal". Could spike higher, could drop. With a 30:1 ADR, however, means that it broke the "dime" in Aussieland..

I believe commerical productization will be slow and limited. Salesforce is expensive. No general opinion really, however on valuation, it's a "trading" stock until it makes up its mind.

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