ILMN up then down
ILMN gave up all of its 1 week gains today. Some of that gain probably came from JP Morgan's focus on ILMN announced Monday.
There was a lawsuit between 2 partners of ILMN over some code. But whichever one wins shouldn't matter to ILMN - it works with both.
No reason has been released so I can only make a conjecture that a big player got out.
This is evidenced by the almost 3X volume of shares - strong indication of a big move by a single player.
Timing - it comes after a big 10% breakout run (from 33 to 36.5)
At the same time, note that the CEO is increasing sales staff 50%. That means potential for rapid sales growth. In other words, an important shift in resources away from R&D and over to sales usually comes before sales acceleration.
Without any news, it could be a profit lock move or someone heard earnings release info and is running for cover. I hate big drops on heavy volume and no news.
I can't make a recommendation to buy or not at this time. Not enough info. The technicals look fine
There was a lawsuit between 2 partners of ILMN over some code. But whichever one wins shouldn't matter to ILMN - it works with both.
No reason has been released so I can only make a conjecture that a big player got out.
This is evidenced by the almost 3X volume of shares - strong indication of a big move by a single player.
Timing - it comes after a big 10% breakout run (from 33 to 36.5)
At the same time, note that the CEO is increasing sales staff 50%. That means potential for rapid sales growth. In other words, an important shift in resources away from R&D and over to sales usually comes before sales acceleration.
Without any news, it could be a profit lock move or someone heard earnings release info and is running for cover. I hate big drops on heavy volume and no news.
I can't make a recommendation to buy or not at this time. Not enough info. The technicals look fine
posted by Andrew at
10:30 PM
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