GXDX:
The buy price is one helluva pop from the low GXDX hit after disappointing 2 quarters in a row. Had I the guts and foresight, I would have bought but thought of "don't try to catch a falling knife" and stayed on the sidelines. The upshot is, however, that this may bode well for my NGNM holding, particularly since the insiders just pushed the stock price up 20% but buying $3 million worth of shares in an unregistered purchase, well above the trading price at the time. NGNM has something brewing and when the CEO, the largest private owner of shares and another board member pony up, I expect that they are preparing to complete some kind of deal that will grow the co. My guess is that they are close to buying another private CLIA lab with a mix of shares and cash that will add significant revenues and profit. Remember, ABT took a 10% position in this co. last year.
Regards from the road, Austin, TX,
aj
