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re: Whats up with BNGO?Posted by CajunTiger78
on 1/6/21 at 8:53 am to James11111

Looks like people are buying back in after the big sell off for profits. I expect that it will somewhat level off in the next day or two as folks sit and wait for the symposium and the hopeful good new it brings.
re: Whats up with BNGO?Posted by CajunTiger78
on 1/6/21 at 9:44 am to CajunTiger78

recovering nicely at 14% this morning...so far
re: Whats up with BNGO?Posted by CajunTiger78
on 1/6/21 at 11:01 am to CajunTiger78

this is worth a watch as it pertains to BNGO and its technology and its massive potential to continue going up and up.
LINK
LINK
This post was edited on 1/6 at 11:02 am
re: Whats up with BNGO?Posted by htcthc321
on 1/6/21 at 5:04 pm to CajunTiger78

Just got home to LA after driving all day from Chicago, and this thing disappointed me all day when I was checking my account lol. As soon as it picked up momentum it got knocked back down.
That being said, sold some calls and took those profits and bought more shares of BNGO. I feel like it's just sitting there waiting for someone to light the fuse. I'm holding all through the symposium and see what kinda reaction we get. Even after averaging up twice now, I'm still at +24% return on a $3.76 current average. I have a $4.50 stop limit in place to secure profits, and I'll just buy back in all over again
That being said, sold some calls and took those profits and bought more shares of BNGO. I feel like it's just sitting there waiting for someone to light the fuse. I'm holding all through the symposium and see what kinda reaction we get. Even after averaging up twice now, I'm still at +24% return on a $3.76 current average. I have a $4.50 stop limit in place to secure profits, and I'll just buy back in all over again
re: Whats up with BNGO?Posted by tigerfan4444 on 1/6/21 at 9:49 pm to htcthc321
quote:
Bought some 1/8 $11 MARA calls this morning and made some nice money off of it.
MARA doesn't have weeklies.
re: Whats up with BNGO?Posted by htcthc321
on 1/7/21 at 5:57 am to tigerfan4444

You're correct, that's my bad. They were 1/15 $11 calls. Bought at $1.70, sold at $3.00. Should've held longer but oh well, profit is profit.
EDIT: These calls are now worth $1200 each and still climbing. FML lol
EDIT: These calls are now worth $1200 each and still climbing. FML lol
This post was edited on 1/7 at 11:16 am
re: Whats up with BNGO?Posted by reds on reds on reds on 1/7/21 at 8:52 am to htcthc321
Everyone still holding strong?
re: Whats up with BNGO?Posted by CaptainJ47
on 1/7/21 at 8:59 am to reds on reds on reds

Holding for now.
re: Whats up with BNGO?Posted by htcthc321
on 1/7/21 at 10:10 am to CaptainJ47

Still holding. I think we'll trade sideways the rest of this week and things should pick up next week with the symposium
I guess BNGO didn't take too kindly to Simon Barnett from ARK insinuating that PACB is basically good enough at what they do. Pretty sure it was confirmed that ARKG sold 28K shares of PACB recently. This gives a good breakdown of their technology & capabilities.
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re: Whats up with BNGO?Posted by tigerfan4444 on 1/7/21 at 3:04 pm to htcthc321
BNGO Files to sell underwritten public offering of common stock of indeterminate amount
News out just after market close.
Stock down 10%.
News out just after market close.
Stock down 10%.
re: Whats up with BNGO?Posted by htcthc321
on 1/7/21 at 4:00 pm to tigerfan4444

Yeah I was worried about a potential offering, as their cash flow situation was enough to hold them through the first quarter according to some. I know they're banking on next week to be big for the company.
Guess I'll just sit back and watch it unfold. Looks like it bottomed out at $4.13 & was back to $4.63 within 30 minutes.
EDIT: So it appears this was the ATM offering that the board approved back in August of last year, which was well known. It is a shelf offering that may or may not be used, but gives them a backup plan for funding if needed. The CFO of BNGO is Christopher Stewart, who came from Tesla. They seem to be doing alright these days.
My opinion, the offering news came out and we still didn't break down below $4.00. This was a 75 cent stock two weeks ago, so volatility is to be expected. I think the quick rebound from $4.13 to $4.63 in 30 minutes was institutional buying. I know Vanguard holds 5+ million shares of BNGO
Guess I'll just sit back and watch it unfold. Looks like it bottomed out at $4.13 & was back to $4.63 within 30 minutes.
EDIT: So it appears this was the ATM offering that the board approved back in August of last year, which was well known. It is a shelf offering that may or may not be used, but gives them a backup plan for funding if needed. The CFO of BNGO is Christopher Stewart, who came from Tesla. They seem to be doing alright these days.
My opinion, the offering news came out and we still didn't break down below $4.00. This was a 75 cent stock two weeks ago, so volatility is to be expected. I think the quick rebound from $4.13 to $4.63 in 30 minutes was institutional buying. I know Vanguard holds 5+ million shares of BNGO
This post was edited on 1/7 at 4:51 pm
re: Whats up with BNGO?Posted by CaptainJ47
on 1/7/21 at 4:15 pm to htcthc321

Making another run down. Ouch! Hopefully this is just short term due to limited after market liquidity.
re: Whats up with BNGO?Posted by htcthc321
on 1/7/21 at 4:18 pm to CaptainJ47

I just edited my previous post. I think this was designed and set up for an institutional investor to get in before next week's symposium. Vanguard holds 5+ million shares already
re: Whats up with BNGO?Posted by tigerfan4444 on 1/7/21 at 7:02 pm to htcthc321
ARKK sold 299,238 shares of PACB today. It sounds like a lot, but the sale represented 3.8% of their total share count in PACB. Sale is probably more about banking some profits than losing faith.
ARK Funds sold 164,803 shares of TSLA today.
ARK Funds sold 164,803 shares of TSLA today.
re: Whats up with BNGO?Posted by htcthc321
on 1/7/21 at 7:13 pm to tigerfan4444

I saw their PACB sale a bit ago. Definitely taking profits with the recent run PACB is on. I think BNGO can get ARK's attention next week. 5 individual days of positive PR & testimonies from those in the field using the Saphyr system.
It's finding pretty good support at $4.40 AH. The offering news really isn't that bad considering it's a shelf offering, at market value, if needed. Q4 financials are looking to be in the 3.8 to 4.2 million range ending 12/30. They've made $6 million in 6 days of 2021. Plus another $17 million from exercising warrants.
Still bullish on this one despite the past few days.
It's finding pretty good support at $4.40 AH. The offering news really isn't that bad considering it's a shelf offering, at market value, if needed. Q4 financials are looking to be in the 3.8 to 4.2 million range ending 12/30. They've made $6 million in 6 days of 2021. Plus another $17 million from exercising warrants.
Still bullish on this one despite the past few days.
This post was edited on 1/7 at 7:14 pm
re: Whats up with BNGO?Posted by CaptainJ47
on 1/8/21 at 8:04 am to htcthc321

Rough pre market may be a buying opportunity for some.
re: Whats up with BNGO?Posted by htcthc321
on 1/8/21 at 8:11 am to CaptainJ47

Depending on how some calls that expire shake out, I'll probably buy more.
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