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TFN momentum stock pick Sequenom, Inc. (Nasdaq:SQNM) up 20% in a day

Posted June 5, 2008

Baltimore — (TFN): Our momentum stock pick Sequenom, Inc. (Nasdaq:SQNM), which had soared over 20% on news that its nucleic acid technology is able to detect Down’s syndrome, continued to pack on the shekels today, gaining an additional 20%.

The stock traded at $9.24 at the time we recommended it on June 4. It went as high as $11.30 today.

We will hold on to the stock at least until tomorrow. We believe that the news value of its announcement will continue to percolate through the media, supporting the stock at between $10.50-11 in the short term.

We’d take profits between $11.40-11.50 if we can

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