Jay Flatley just sold $3.3 million worth of his personal stock at around $170 per share 2 days ago. That isn't a good sign, in my opinion.
Unless....and this is crazy...he is afraid of being too rich cuz he knows that Illumina is headed to the moon because of incremental improvements in their chemistry and software. Oh...and GRAIL.
Anyhow, I liquidated 80% of my remaining ILMN holdings yesterday and today. I may short the stock next week. But I need to see how the market reacts after this long weekend.
Is any of this related to this forum? Yes, I think so. For labs that are looking to partner with the right tech providers, they need to understand what is happening, financially, with their partners. If you are planning to buy a sequencer in the next 120 days....I basically feel sorry for you. Unless it is an Oxford. Or maybe a Sequel. I would say: just use a service provider and wait to see how the pipeline shakes out before investing in a machine. If you can't use a service provider cuz you think they may steal your data....then you're in the most trouble cuz you need the machine on-site.
Or...if you think I am an annoying contrarian indicator...then buy one.
Unless....and this is crazy...he is afraid of being too rich cuz he knows that Illumina is headed to the moon because of incremental improvements in their chemistry and software. Oh...and GRAIL.
Anyhow, I liquidated 80% of my remaining ILMN holdings yesterday and today. I may short the stock next week. But I need to see how the market reacts after this long weekend.
Is any of this related to this forum? Yes, I think so. For labs that are looking to partner with the right tech providers, they need to understand what is happening, financially, with their partners. If you are planning to buy a sequencer in the next 120 days....I basically feel sorry for you. Unless it is an Oxford. Or maybe a Sequel. I would say: just use a service provider and wait to see how the pipeline shakes out before investing in a machine. If you can't use a service provider cuz you think they may steal your data....then you're in the most trouble cuz you need the machine on-site.
Or...if you think I am an annoying contrarian indicator...then buy one.
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