Genetic Technologies Limited (ADR) (NASDAQ:GENE)
CAPS Rating:
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.
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Fool UK
Recs
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.