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CBSMarketwatch: Can Sequenom (SQNM) Make it Back into Investors’s Good Graces?

Trader Mark (June 2nd, 2009) Writes:

Still keeping my eye on the Sequenom (SQNM) – but the whole idea with this name was to avoid the small cap “biotech” bipolar experience (either a huge win or a huge loss). Unfortunately, this is what this has now turned to, a coin flip. Probably the most bizarre disclosure I’ve ever been associated with, and I’ve seen many off the wall things in my years in the market.

Per CBSMarketwatch

Shares of beleaguered biotech Sequenom Inc. got a much-needed boost last week in the form of a somewhat favorable report issued by Lazard Capital Markets, but is the stock really that seaworthy?
Sequenom jumped nearly 15% on May 27, after Lazard analyst Sean Lavin upgraded the stock, now trading in the $3 range, to hold from sell, saying he believes it had more potential upside than downside.
While cautioning that the …


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