Dexcom on the rise
OK, this is almost too funny to be true.
As you recall, recently I wrote about how impressed I was with Dexcom, so impressed that I decided to buy some shares in the company for nothing more than my belief that a company with such a great product and customer focus deserves to succeed. I really hadn't looked at fundamentals much, and anyway, companies at this stage are usually still destined to fail.
I picked up the shares at $4.20. Remember, this was about a week ago.
Imagine my surprise today when I looked at Yahoo Finance and since I checked Dexcom a week ago when I bought it, the quote came up automatically. It closed the day at $5.48. That's a, what, 30% increase in a week?
How funny. My sentiment was apparently prescient. Now I'm going to actually examine the company's financials and such; may end up that I found a golden nugget by completely and purposefully not looking for it. One thing I already saw; the three analysts covering it have a median target price of $10 in the next 12 months.
Huh.
Might be worth picking up a lot more. I guess what they say is true... better be lucky than smart.
As you recall, recently I wrote about how impressed I was with Dexcom, so impressed that I decided to buy some shares in the company for nothing more than my belief that a company with such a great product and customer focus deserves to succeed. I really hadn't looked at fundamentals much, and anyway, companies at this stage are usually still destined to fail.
I picked up the shares at $4.20. Remember, this was about a week ago.
Imagine my surprise today when I looked at Yahoo Finance and since I checked Dexcom a week ago when I bought it, the quote came up automatically. It closed the day at $5.48. That's a, what, 30% increase in a week?
How funny. My sentiment was apparently prescient. Now I'm going to actually examine the company's financials and such; may end up that I found a golden nugget by completely and purposefully not looking for it. One thing I already saw; the three analysts covering it have a median target price of $10 in the next 12 months.
Huh.
Might be worth picking up a lot more. I guess what they say is true... better be lucky than smart.
posted by Blinkered at 7:53 PM
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