I was there Gandalf... 3000 years ago when BNGO was 50 cents..So when BNGO was 50 cents I realized that it was doing a silent accumulation and with a name like Bionano Geonomics, how could I go wrong I thought?
well, selling at 55 cents is how I went wrong. i thought i was slick with my couple percent profit. selling in the bear trap.
As always, BNGO is being shorted, and was accumulated by none other than Cathy Wood.
I think we are due for a breakout, but I wouldn't count on it. shorts are fierce and its in mark down phase. i would say expect to see 3$, even 2$ some day before the next crazy climbs but who knows you could get lucky! someone could come along and be like BINGO!
Long targets on this in the 60-100$ range as this was the first accumulation, I would say this is a Bear trap on the very large scale. (5 years or 10 years) expect BNGO to be around for some time. not sure exactly how long, but long.
Short target: 2$
Medium target 7$
Long target 60$
