Why is Pacific Biosciences Stock Dropping?
When you start to stick your neck out and draw conclusions based on evidence you present, nobody says anything if you’re right. Crickets. However, if your conclusion turns out to be wrong, people will crawl out of their graves to tell the world what a moron you are. That’s just how it goes around here, and that’s a great sign. It means someone cares.
The worse thing is if you say something dumb and nobody calls you on it. Then, you just sit out there looking like a moron forever. At least when someone calls you on a mistake, you can say something reflective like “the journey isn’t always about the destination,” and people will like you even more because of the Pratfall effect. Fortunately, we have a strong reader base that keeps us in check, and often points out things we’re missing out on – like the rise of Pacific Biosciences of California Inc.
The Rise of Pacific Biosciences Stock
Just today, we came across this blurb in one of the many tech newsletters that grace our inboxes.
Any time someone calls a stock “red-hot,” that’s cause for concern. In this case, that’s probably an understatement, because this red-hot stock looks like it just might burn some hands. Incredibly, Pacific Biosciences (PACB) stock is up +875% in just six months on w
