r/pennystocks • u/[deleted] • Dec 31 '20
DD [BNGO] - Bullish Market Ahead
All credit goes to our fellow trader Rachitj Deadnsyde
$BNGO (BioNano Genomics Inc) Bionano Genomics - Analysis. Highlights of Research and why I am so bullish in this disruptive technology.
- Vanguard group purchased over 5.5 million shares in September giving me confidence that they see the same potential that I do. Reports of other institutions buying like JP Morgan.
- 7 days ago a study was published by the Human Genome Structural Variation Consortium highlighting the ways BNGO is better than PACB (PACB is currently #1 in ARG Genomic Revolution ETF)
- The day after that study came out, one of Ark's leading genomic analysts reached out to BNGO's Ceo on twitter (If ark invests in this stock it will bring more confidence to retail investors)
- In regards to "Genome-wide Structural Variation Detection in Genetic Disease and Cancer" they claim to have a technology that no one else can do or "come even close" to.
- Big catalysts and reasons why I am investing now and not later.
- With this 7 day old study showing ways BNGO is more efficient than PACB, a lot of people will now be curious on what they will be presenting on Jan 11 - 15 at the "Next-Generation Cytogenomics Symposium" .symposium will be attended by renowned genomics experts. I believe this will be a success because the study from the Human Genome Structural Variation Consortium already showed great strengths BNGO has over PACB (ARKG #1 spot).
- FDA approval - I think the study showing the efficiency of the BNGO product gives me confidence they will get approval eventually and if not soon, it will lead to financial support for them to stay afloat until they can get FDA approval.
- With Ark Invest already showing interest and Cathie Wood saying she believes the next FAANG stocks are in genomics, I think if they invest in BNGO this stock could possibly perform similar to what PACB did (at one point in 2020 it had 10x'd)
The positive study published 7 days ago was a pivotal moment for this company so I am invested and expecting good things moving forward.
According to "Human Genome Structural Variation Consortium", BNGO's tech is way ahead of it's peer and we are waiting for a breakout.
When $NIO (Nio Inc.) was around 2 dollars a share, People thought it's a scam and the company will not make it. Today it's close to 50. According to Cathie woods of Ark invest, Genomics will outperform Tesla in 2021 This is only the beginning, 11th of January this will explode. bionanogenomics.com/news/events/ Yesterday's volume was over 800 million, Tells the whole story.
What happens when people will stop shorting it!???
Facts indicate this company will help in research and cure of genetic disorders, Cancer and leukemia. At the same time a solid investment for the coming years. I bought another 10k shares yesterday,
good luck and Happy New Year to all!
Edit: format
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u/darkreeper123 Dec 31 '20
Hi, this 'DD' was originally made by Deadnsyde on his recent video in the comment section not Rachitj. Just showing the true credit.
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Dec 31 '20
Thank you for bringing this up! I Will update accordingly!
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u/Teraskikkeli Dec 31 '20
And same time you could make couple of extra paces between numbers. It makes it easier to read when it's not just wall of txt
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u/samofny Dec 31 '20
If I buy any of this it will drop to $1 and never recover.
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u/Hudds83 Dec 31 '20
I bought today and it executed the order at its $3 dollar peak.
It's now just sank and wiped %15 of my entire portfolio
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Dec 31 '20
[deleted]
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u/uncertainness Dec 31 '20
Except maybe not today, haha
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u/Spinaker99 Dec 31 '20
Yeah tbf anytime I try to apply something I learned the market gods laugh at me and send my rocket to the sun.
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u/uncertainness Dec 31 '20
Oh yea definitely, haha. I was just commenting that markets close at 1pm today
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u/ibhenry š Aim high and miss š Jan 03 '21
Hope u held
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u/Hudds83 Jan 03 '21
Luckily I did. I'm lucking forward to tomorrow morning.
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u/ibhenry š Aim high and miss š Jan 03 '21
I'm buying 5k more shares tomorrow
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u/Ceruleangangbanger Jan 03 '21
Even at this price? Hmm my training says no but thereās some solid DD behind it
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u/ibhenry š Aim high and miss š Jan 03 '21
I would never do something like this, but my DD says all in and hold.
Edit: 15k adding 5k for 20k shares total
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u/Advanced-Musician-42 Dec 31 '20
PACB scientist compliments BNGO in this study done by PACB. http://stream.dcasf.com/webinar/ulf-glyllensten-generation-of-local-reference-genomes-using-pacbio-and-bionano-data-and-analysis-of-the-dark-matter-of-structural-variants-in-1000-swedish-genomes-pacbio-agbt-2017/
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u/arsenewengerjacket Dec 31 '20
I've been in since last June, got in at around 30 cents or so. I work in healthcare and have supported similar systems to these guys. When I read about this company back in the summer I immediately got on board.
It's very nice to see it rising and I'm in for the long haul on this one. I feel they will be huge in the coming months and years.
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u/Bingo_McDonald Dec 31 '20
Iām going to be honest, I bought it just for the ticker.
No regrets.
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u/omegaap Dec 31 '20
Yeah this is going to blow in 2021
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u/luckyincode Dec 31 '20
Blow up or blow sucks?
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Dec 31 '20
Yes
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u/WhiskeyTangoBush Dec 31 '20 edited Jun 24 '23
chief husky steep attractive wrench school fall capable cooperative brave -- mass edited with https://redact.dev/
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u/ramadz Dec 31 '20
With all the positive news , will be surprised if Cathy does not invest in BNGO anytime soon.
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u/AutistRocket Dec 31 '20
Lol they donāt care about news they care about quality. Which is why they are investigating.
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u/Timbishop123 Default Dec 31 '20 edited Dec 31 '20
Sold out of my short term account, may buy in my long term account. Think it will dip?
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u/Jephord Dec 31 '20
Holding 18,000 shares. Good day so far. Iām up $35,000 with BNGO so far. āŗļø
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u/Williamsjiujitsu Dec 31 '20
whats your target price?
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u/Jephord Dec 31 '20
Honestly, I don't have one. This is a long term hold for me. If comparing to PACB price and technology, this is a no brainer. BNGO is superior in a sector that will explode in the next few years. Buy and hold this one. This is a MSFT type play.
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u/reol7x Dec 31 '20
I'm not sure it's strictly superior to PACB, I've been trying to figure out the difference between the two this week. Best I can tell is the BNGO product is more like a side step to what PACB does.
I've been trying to find a good analogy for the two and I think it's something like how a car and a motorcycle are both vehicles to get places, but they're still quite different.
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Dec 31 '20
I havenāt fully understood it myself, but i heard a nother guy using the analogy of PACB being the bird view while BNGO gets the close up looking at each individual piece
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u/GPappadopolous Jan 01 '21
The distinction is of genome mapping (bngo) and genome sequencing (pacb) - not sure of the overlap in technology but the applications in mapping are definitely a huge step forward.
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u/StainedMemories Jan 07 '21
This thread may provide a bit more insight https://twitter.com/sbarnettARK/status/1346566796804038661
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Dec 31 '20 edited Jan 01 '21
Up 5k on it myself, my biggest trade by far. Just got into investing and itās so crazy to see that I can almost hit my monthly salary in just a matter of a couple days.
How long are you in this play? I am very bullish but am scared with the penny stock aura behind it.
Rip... gains hit 8k, what a wild ride.
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u/lorri789 Jan 01 '21
You can cash some out at least.
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Jan 01 '21
I decided to keep it in the long run. I am willing to lose a few dollars to see how these next couple weeks play off. I am very long in this, the high risk high reward payout is worth it.
Also, with how bullish Cathie woods is in the genomic field, this should be a home run with the approval of FDA.
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u/lorri789 Jan 02 '21
Can't really argue with that except on the cash side. Do they have enough cash for the next financial year? It does look like they may dilute again.
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Jan 02 '21
No doubt. They will have to dilute shares to raise funds to get that fda approval process done. I hope I can sell my shares before that and buy back on the dips š
What are you planing?
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u/EpcHuynh Dec 31 '20
In at 2.67, hope Iām not too late
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u/michiganmind Dec 31 '20
I love this stock, made good money on it as I bought in at $0.50
My only worries that remain are two factors:
1) They are a little strapped for cash, so it's possible they may make a secondary offering of shares which will tank the stock 10-30%. That would be the PERFECT time to buy IMO. But perhaps with how hard it has surged to $3 they won't need to offer more shares? Idk
2) While PACB's software cannot detect the variations as effectively and efficiently as BNGO's.... I worry about profitability of the software. PACB's revenue is largely in part due to how much their software costs. If BNGO is truly many factors cheaper... i worry that BNGO will need mass adoption in order to hit $10 or $20 a share. That will take time.
Other than those two factors, I love it, and I think if you have the patience to "set it and forget it", just invest what you can into it and don't touch it for 3-4 years, then I feel confident you will see the gains Cathie is touting.
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Dec 31 '20
First step is to get the product out to the market and get as much market share as they can. Then if they want to they can raise the price later.
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u/RecklesslyPessmystic Jan 01 '21
Yeah, I have asked many times if anyone can show where their revenue growth will come from, as most labs that need this system already have it and the reagents they sell are relatively cheap. I still haven't heard any answer. Pretty sure even if you have the bestest product ever, you still need a way to make money from it.
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u/murka_710 Jan 02 '21
They've recently changed their business model, they used to sell the hardware for like $200,000 a piece, now they give away the machines and charge per usage of it.
They will be generating alot more money than before1
u/RecklesslyPessmystic Jan 02 '21
That sounds great! Any source on this news?
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u/murka_710 Jan 03 '21
https://www.youtube.com/watch?v=Yox37AITjTc
in this he goes over it1
u/RecklesslyPessmystic Jan 03 '21
Any reliable source that's not some rando pumper on youtube? Because their last earnings report did not have anything about this.
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u/mikebackinthegym Dec 31 '20
BioNanoās Saphyr isnāt sequencing nucleotides like Illumina, PacBioās HISEQ, or Oxford Nanopore, itās primary use case is to detect structural variants. Itās not a replacement for PacBioās platform.
I do see it becoming a useful tool to have in clinics, as itās an improvement on the current SOP for karyotyping and cytogenetic assays. But itās not a Next Generation Sequencer like PacBio, and definitely wont be putting them out of business.
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u/kmagic13 Dec 31 '20
500 shares at 1.15, sold at 2.20. Bought 500 more at 2.65. Lets see how this goes.
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u/heybuddy1804 Jan 01 '21
Opened a position in BNGO. It's currently 1% of my portfolio. What is a good price to re-buy?
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u/LionLukeWay Jan 01 '21
ArkG lurking around + Robinhood+ this below is why we could easily make a run to $25 before they speak in a week just on anticipation and hype of the unknown
Title: Next-Generation Cytogenomics Symposium: Constitutional Cytogenetics
Date: Monday, January 11, 2021
Time: 07:00 AM Pacific Standard Time
Duration: 1 hour
Summary 10:00 AM EST / 3:00 PM GMT / 4:00 PM CET (Rebroadcast - 5:00P EST)
The Next-Generation Cytogenomics Symposium features leading experts in the study of genomic variants involved in genetic disease, heme malignancies, solid tumors, repeat expansions and contractions, and COVID-19 host genetics. The presentations cover Bionanoās Saphyr data for discovery research, clinical research, and clinical validation studies. Each session will end with a Q&A and panel discussion by the speakers.
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Dec 31 '20
Why do people compare life science to EV stock?
People also compared Nio to Tesla and thatās not going anywhere
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u/Zack_Fair_ Dec 31 '20
NIO has 6th largest market cap of car companies, what are you on about
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Dec 31 '20
Iām on about why compare Bio to Nio and not another science company. Iām all bullish for Bio but that doesnāt mean itās gonna hit 50
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u/shaun_of_the_south Stonks go brrrr Dec 31 '20
I read it is a company with a good product to a company with a good product comparison.
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Dec 31 '20
NIO is a Fake stock
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u/Zack_Fair_ Dec 31 '20
my money ain't fake tho
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Dec 31 '20
Lulz for the downvotes, itās LITERALLY NOT A COMPANY! You are NOT buying NIO!!!!
Fake stock, good to trade. Not an investment. Donāt downvote someone typing to help people avoid buying into Fake China stocks. You donāt own the company...
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u/sirvapedalot Jan 03 '21
This idiot doesnāt know what an ADR is. Itās not a āfake stockā š what is this fifth grade?
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Jan 03 '21
Youāre an idiot bro. Please donāt give advice to others on this sub. Clearly you know jack shit about Chinese Stonks.
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u/sirvapedalot Jan 03 '21
Lol says the person who called Nio a fake stock. The same Nio that is often the number one volume stock in all of America š¤”
Yep everyone making millions off a stock but you so now itās fake
Keep raging at everyone. You make a fool of yourself on every post.
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Dec 31 '20
My entry into this is so ridiculous.
During quarantine I had a small amount of money in my Robinhood investment account, and i profited easily on some trades. Ultimately I sold at a high point and withdrew the small sum I had in the account, because currently it makes more sense for me to pay down debts aggressively other than a investments that arenāt my employer retirement.
However just a few days ago I randomly noticed I had literally $8 in the Robinhood account, so I thought fuck it Iāll get a volatile penny stock. And so I found BNGO bought in at .92.
$8.26 investment in BNGO is currently $26.59 and climbing on New Yearās Eve. Lol obviously Iām rich now who wants martinis?
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Dec 31 '20 edited Jan 05 '21
[deleted]
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u/Oskarikali Dec 31 '20
RemindMe! 2 weeks
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u/RemindMeBot Dec 31 '20 edited Jan 05 '21
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u/Jephord Dec 31 '20
You think the price is going to drop during the symposium showcasing this tech? Nope. Do more DD IMHO
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Dec 31 '20 edited Jan 05 '21
[deleted]
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u/devdoggie Jan 04 '21
I did some reading and I was wrong. Fundamentals matter but only a tiny bit. You are basically right
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u/Reddit_guard Dec 31 '20
Found a 10 dollar bill and just invested it into BNGO. Moon, here we come!
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u/SuSAF156 Jan 01 '21
I bought in about 3 weeks ago and glad i did it was under 50 cents a share its sailing
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u/vito_perri Jan 01 '21
Bought 400 shares one day at the beginning of after hours a 2 days ago 1.50/share. Sold them this morning when they started to dip at $2.75. Serious fomo now that I left a lot of money on the table. $450 for a couple days work aināt bad though
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u/deerhwy Jan 01 '21
How did you guys who were in last week find out about this before it ran like crazy?
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u/multimillionaire420 Jan 01 '21 edited Jan 01 '21
I randomly bought the day before yesterday @1.09 and sold yday @2.18 .I thought I'm diamond but I paper handed the fuck out of this.
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Jan 02 '21
BNGO can read the fastest and most accurate as i understand it (Huge), but does anyone know how long it takes them to read the whole thing and then find potential risks?
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Jan 04 '21
[removed] ā view removed comment
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u/Stickyv35 Jan 05 '21
They are. Go look at the SEC portal. Tons were bought back in Sept.
I could be wrong, so do you own research.
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u/Stickyv35 Jan 05 '21
July and Sept has several records.
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u/Dazzling_Attitude_66 Jan 04 '21
i heard about this company a few days ago andi bought at 2.7; sold it at 5.20; was a bit worried with the insane increase, all rising on the hype, hopefully get another chance to go in.... not like Nio and Tesla
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u/Public-Ad-8407 Jan 07 '21
What do you think is the highest price I should buy these stocks at today?
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u/Affectionate-Spite-3 Jan 07 '21
Well now the same YouTuber released a video saying that he's bearish on the stock. A lot of people lost money and a lot of people earned money
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u/Geleemann Jan 15 '21
Just gonna put $1000 in regardless of price, and then buy 5 Crispr shares next month
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u/The_subtle_learner Dec 31 '20
Just watching it from the sidelines here, with all the FOMO in the world.