Thursday, July 05, 2007

Updating From Abroad

I'm on vacation in Europe, but I can't help but notice the strength in Qiagen (Ticker: QGEN). The stock hit a multi year high today of $18.43 and I see more to come. The company is in the process of acquiring Digene (Ticker: DIGE), which is using molecular diagnostics for the detection of HPV. The strength in Qiagen is surprising since the stock price of the acquiring company will often decline, but not in this case with this stock. This merger is a big plus for Qiagen and the market sees this. Hold on to Qiagen tight, we're just in the early innings of a big move. I'm adding on any dips.


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