Wednesday, July 19, 2006

Illumina - Wow...

Well, I’m back from vacation and I’m having a very difficult time getting back in tune with the market. One stock that just caught my eye was Illumina (Ticker: ILMN), which develops high through put genetic screening tools for the life science industry. They simply blew away everyone’s expectations with their latest earnings report and significantly raised guidance for the remainder of the year. They increased their earnings per share to $0.61 – 0.82 from $0.13 and increased revenues to $160 – 170 from $137.9 million. The stock jumped ~ 30% on this news to a new 52 week high. I’m very tempted to initiate a position in this stock. We’ll see…

Does this chart look good or what!?


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