Complete Genomics, Inc (GNOM)

[Opti Mist]

I am holding (AONE)based on the following.

I am of the belief we are safe holding at least until October 30, when I believe the "bids" have to be in to the judge. Even then, I believe the judge has a week to rule on the successful bidder. I have owned this stock off and on in the past, but not the past 6 months, even though I have continued to watch it daily.

Just before all the bankruptcy talk, AONE seemed to be settled in around .25 to .30. I believe .30 is a reasonable target for the next week.

But, what if a real bidding war breaks out? Could this go higher? If so, what is the top? Wish I knew.

I am considering doing some trading (sell in the morning and buy back at 2:45) or possibly selling half my holdings at some reasonable price to lock in my regain of the GNOM loses. I also have some carryover losses from last year that I would like to make up.

I am not trying to be greedy, but really see no pressure to sell now. Not when it keeps going up 40-50% each day.

Lots of keys here:

1. there are people in this stock at a high price that will hold until they are at least even.

2. The Chinese own 80 million shares. They will not be selling. Instead, they should be adding to their shares so they can possibly take over the company.

3. There is competition for the shares. No indication anyone is backing out yet. Plus, the pps is still cheap.

4. There remains potential for more good news--new bidder, company changes its mind on bankrupcy, something else.

I am sure there is also the possibility for negative news and a sudden drop. After all that is how it went from .30 to .05 in a day. Maybe I will consider a stop loss at some point.

Right now I am holding and trying not to think too much about the reward or loss that is possible.

Opti