Buying ILMN
Buying 500 shares @$40.38
A great opportunity
A great opportunity
posted by Andrew at
7:55 AM
Monday, November 13, 2006
Previous Posts
- Thoughts for the week
- What should be expected when investing?
- Liverocket week 51 - Down 0.28%
- Disney to release soon
- Stopped out of AET. Next steps
- Did we miss a run up?
- Big up day before elections
- Selling EMT
- Week 50 Liverocket Performance - Down 2.19%
- To buy back or not?
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4 Comments:
It took quite a dip after the Solexa purchase. Are you concerned?
I jumped on ILMN at 38.6 based on your buy recommendation -- lets see how this pans out Andrew :)
It was a great opportunity at $40 and an even better one at $38 ;-)
Seriously, this move makes sense, even if the purchasing approach (all stock) dilutes shareholders. That's what the market didn't like.
I fyou want, check this out
http://www.illumina.com/General/pdf/Illumina_Solexa_Creating_A_Powerful_Life_Science_Franchise.pdf
Pages 10-13 are especially interesting if you want to understand the products and how they mesh.
Check out slide 19 for the hockey stick that I love.
It is worth remarking that this happened AFTER earnings. Also, it addresses the question about 'what next.'
I see a lot of overpaying for technology ($600M is a lot for a barely profitable company).
Yet again the market was right - insider selling and a drop-off after results.
Can you please publish your current portfolio and stops?
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