Apparently too many hedge funds own
Sequenom (SQNM) - why else would stocks begin to fall by such amounts in short amounts of time. So hedge funds are forced to liquidate and we begin our waterfall selloffs. I am not taking a chance and cutting SQNM by 2/3rds in the $19s as the chart just turned negative. We are down to a
1% stake from 3%.
If it can go to $19 why not $9? Or $5? Or $1? Depends on how many hedge funds need to sell it I guess. That's all the market is anymore. Just need to find positions that hedge funds don't own and buy those. That's the only "safety".
Long Sequenom in fund; no personal position
