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$BNGO Bionano Genomics 50% upside

Long

BIONANO GENOMICS INC (NASDAQ:BNGO)

NASDAQ:BNGO BIONANO GENOMICS INC

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BioNano Genomics , Inc. is a life sciences instrumentation company, which focuses on genome analysis space. The firm engages in the development and marketing of Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline cytogenetics. The company was founded by Han Cao in October 2003 and is headquartered in San Diego, CA.

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Comments

Its at 0.79 now ! Do you still see a potential for it to pump back to 1+ $

Muhannadmawed

@Muhannadmawed, yep, it should go up.. :)

avijayvargia

@avijayvargia, hmmm when ... I bought at $1.1.. looking to buy more to avg out

avijayvargia

@avijayvargia, any particular reason, of why are you so confident?

jmurielmundo1

@jmurielmundo1, he slept at a Holiday Inn Express last night

jmurielmundo1

@jmurielmundo1, But seriously, the technicals look fairly good for continuing an increase in price movement

Muhannadmawed

@Muhannadmawed,

There is no reason for this to go up right now. Yes, the company "looks good", etc.. but the news was last week. This price will downtrend and would not be surprised to see it $0.50 - $0.60 levels in coming month until something else happens to stimulate price action.

Anyone holding long who is not sure, would possibly want to consider selling now - and buying that same holdings back in a month at a 10-20% discount for a nicer average out when it rises again in the fall.

I do not know what I'm talking about - but that's my 2 cents.