Sangamo Sang The Blues!

sangamo stock crashed
Sangamo Therapeutics (NASDAQ: SGMO) was down 30% today.  My own loss: 67%.  Ouch.

Today was a rough day in the market.

Overall, the averages were down, because the US and China are not as close to a trade deal as we thought.

Then there was Sangamo Therapeutics (NASDAQ: SGMO), which I posted about yesterday.  Sangamo was down 30% today.

The company is working on a cutting edge technology called gene editing.  Although, as I said yesterday, they are the only company in the US that has successfully edited a gene in a human, in reporting their trial results today they did not prove unequivocally that there was a significant medical benefit.

As a result the stock was punished…pushing my loss to 67%.  Yes, you read that right.

Sangamo still has about seven additional opportunities to redeem itself.  But there are no guarantees.

And I knew that going in.  I wrote a piece on speculative investments recently, of which Sangamo is one.  These kinds of investments are not for those with weak stomachs.

You should start out investing in successful companies before you graduate to a speculative stock.

I will keep you posted on Sangamo as the year goes on.

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.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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Why I Bought Sangamo Therapeutics!

I’ve decided that once a month, I will talk about a company that I am a partner with.

I will cover who the company is, why I bought the stock, and where the stock could go from here.

I will tell you my position size, as well as my current profit or loss.

It’s one thing for me to blog about why I am so pro-investing.  It’s quite another thing to show you that I “eat my own cooking”!

So…without further ado, let’s get started.

Who: Sangamo Therapeutics (NASDAQ: SGMO)

What they do: Sangamo Therapeutics is a clinical stage biotechnology company.

The company is focused on translating science into genomic therapies that transform patients’ lives using the company’s platform technologies in genome editing, gene therapy, gene regulation and cell therapy. T

The company has clinical and preclinical programs in development.  They have partnered certain programs with biopharmaceutical companies to expedite clinical and commercial development.

Why I bought Sangamo: Sangamo is a turnaround story with some incredible technology.

Over the last nine years, they basically had two promising clinical programs that died.  The technology was promising, but the leadership wasn’t.

A few years ago, they hired a new CEO…and things started to turn around quickly!  They’ve restarted all their programs, and have captured three very important programs: genome editing, gene therapy, and cell editing.

You may have heard of a very exciting and controversial gene editing technique called CRISPR.  CRISPR has yet to be tested in a human in the United States.  Sangamo has its own gene editing technology – called zinc finger – that’s been tested in hundreds of patients.

They have a very deep pipeline of drugs for a small company – some very exciting partnerships with Gilead Sciences, and two partnerships with Pfizer.

Where Is the stock going?

On September 5, 2018, Sangamo will be reporting results on safety for the first in-human clinical trial using their zinc finger technique for gene editing.

This data read out will be absolutely huge, and could propel the stock from a current price of $13.50 to $40 literally overnight.

On the other hand, the stock could drop 50% if the data is not favorable.

Sangamo has results for about five different clinical trials coming out over the next 18 months.

My current holding:

Number of shares I own: 255

Return to date: -41%

Total investment: $6000

Current value: $3557.25

As you know if you follow my blog, every investment I make is with a long-term mentality.  My intention is to hold Sangamo for at least 10 years, and see what happens.

I hope this information has been helpful and will help you gain insight into how to look at investing.

Remember: check out my guide, The Stock Market is For Everyone, or my service, the Wealthy Joe Investment Club, if you need help getting started with investing.

Until next time!

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)