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• SQNM down 20% after hours, CC + earnings = a little chaos March 16, 2010

  
  
  

  In the AM people will see SQNM bouncing all over the place and people will be on the extremes saying the company is a rocketship or bound for bankruptcy.

  I have yet to read the earnings or listen to the conference call, just seen the headlines but based on the market reaction I can assume that the company came out with no new news.

  My thoughts:  Recent price action has been by some who thought the earnings call would be a big announcement for SQNM in part because of the recent upgrade. Instead,  the company had a bigger than expected loss, the loss is not an immediate concern to me because they have 40+ million in cash but the clock is ticking.

  I trimmed going into earnings, but will continue to hold the remaining position of SQNM as they continue potential progress on DS. Which could be a major driver for this stock.

  Covestor is showing my cost when I joined the site.  My actual average cost is 3.98, with purchases from 4/24 to 5/11.

  Enjoy the chaos

  
  
  
  
  

  
  

  Related Stocks:  SQNM