Insmed Incorporated Message Board
you are viewing a single comment's thread.
view the rest of the posts-
** Somebody tell me ......
I was thinking it might be safe to go on the sidelines tomorrow and get back in the near future ? I dont think we will fall below a buck but Why risk a drop below a buck.
-
If it was going to fall below a buck, don't you think it would have happened today?
Loads of volume.
I think she drifts back up to the $1.60 range until the next "event", whatever that might be.- 3 Replies to c1trompe_loeil
-
Given that they will no longer be funding a Phase III clinical for mmd and will likely get some funding for the phase II clinical for severe insulin resistance, I'm not sure where their expenses are. Allan is toast, as is his comp and expense package. Their complete overhead can't be much more than a few million bucks a year. And, between Italy, Canada, the US, Greece and whatever other revenues turn up for ALS, they have to be profitable. Add in a few million in investment income and the company could make $5 - 10 million next year.
All this being said, they seem to be intent on spinning everything to the most negative conclusion possible - accentuating the negative and ignoring the positive. Why? -
Cant figure it out why it didnt drop like a rock it cant be because ot the cash value. The cash can disappear fast and then what would be its appeal . Other then other promising trials that have no guar. with a black eye today. It just straight lined that scary trading ? isnt that strange
-
I think that it will go lower on low (ish) volume for the next 2-3 sessions.
-