So – I am the proud shareholder of 405 shares of Sangamo Therapeutics (NASDAQ: SGMO). Sangamo Therapeutics is a developmental biotechnology company and a pioneer in gene editing, gene sequencing and gene therapy.
The company has been around for almost 30 years, and has been a disappointment for the most part.
Sangamo is the only company in the US that has actually applied gene editing in a human. Tomorrow, Thursday, February 7, at 11:00 a.m., they will discuss the initial results from the trial.
The stock price is at $11.83 as of this writing. Incidentally, I own at around $22 – ouch! Nevertheless, tomorrow could change everything if the results are good.
My prediction is as follows:
Good results: Stock price doubles, maybe triples
Not good results: Stock down to $5 or less
So the risk/reward is huge.
I’m a little nervous because the company has disappointed investors in the past.
However, I’m a risk taker, and I can live with the results.
Wish Sangamo and me luck!
Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock. Rather, it is presented for readers’ education and consideration when making their own investment decisions. The author is long SGMO.
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