In #biotech #stocks today, I highlight $BLI Berkeley Lights which is currently down -11%. The trend is still looking downwards since Dec 2020 when it had a remarkable burst of what I would call "frothiness" and since then it's been on a gentle downwards trajectory. 
Sometimes these big short hikes are not entirely rational, and as of late, with the emergence of the meme stock phenomenon, normal decent-looking #biotech companies can be hijacked by pump-and-dumpers that don't even care at all about what they invest in.
This is nowadays magnified by the Robin Hood's of the world of investing, which act as an amplifier of the crowd behaviour that is decoupled from any logical thinking.
Back to $BLI: the company is in the field of #singlecell high-throughput phenotyping, with #AntibodyDiscovery being one of the main drivers. Their $2M instruments have seen a lot of interest, and have been long enough in the field now to have been road tested in customers' hands.
Usual caveat that I believe there is a #tech #bubble in the stock market that may burst any day now. I do not recommend buying into any of the stocks in my list until the bubble pops. Analysts now predict a -10-15% correction, which I think may even go to down to -20%.
CNBC: 10-20% correction cnbc.com/2021/08/30/mar…
Morgan & Stanley: 10-15% correction thestreet.com/investing/morg…
Morgan & Stanley: 10-15% correction thestreet.com/investing/morg…
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