Harry has posted Charts of the Day video on INSY at TheTechTrader site noting: INSYS Therapeutics, Inc. (INSY) in February formed a left-shoulder-head-right shoulder, broke down, and formed another bear flag. I wanted it to roll over right there and accelerate, but apparently it needed some time to develop the 3-wave corrective bear flag, which is failing at the line at the 50-day, lateral price support, the neckline of the head-and-shoulders, and the declining topsline. Support is at 21 1/2, which is the first target. The second target is 15-16.
That's about as weak a bash as I've ever heard. You'd better tell your bosses to re-re-re-release another press release about the law suits. I've already alerted the SEC that they're coming in the next day or two.
Mr. Boxer should throw his chart out his window. What happened to the chart when shorts pushed this down from $57 to $23??? This undervalued gem will shine so bright, he will have to go back to his drawing board for a more bullish scenario. Executive team's consistent business focus will deliver stellar earnings and much more(pipeline, etc). Welcome to the real world!