INSM in the past month has seen resistance in the 7.50 - 7.60 ish area. If it can close over 7.75 - 8 could be just around the corner with good news at end of April about Shire, 8s will be history and we will be looking at double digits.
surestock - what do you think shire is going to bring to the table? we are long overdue for a PR that will move the stock price. even if we hit $15/share.....that's still only $1.50 for us long time holders of insm. Where is iPlex? and no yousstupid insm didn't sell iplex for $11 million.
lux......... I will not speculate on what Shire will bring to the table. I will speculate that Lewis brings many positives to INSM. I do think Shire will bring positives but to what extent ??????? Others here are better suited to suggest ideas about Shire. Judging by increase in volume and large buys some are speculating Shire will be good for INSM. Then we have Russ. and clinical data, we have much news at our door step on the way. INSM IMO has finally started a nice upward trend to the pps, finding supports and resistances, BBands 10 day hourlys display that to me suggests accumulation within those ranges. As far as how much the pps moves in what length of time IMO is entirely up to the Tutes and the pros they are the ones in control. PPS will go where they take it. I too have been a very long term investor in INSM and have added to my position, small pieces at a time. I didn't like the Transave deal initially, but now I think we are seeing positives from it. Me just glad Iplex is still on our dinner plate it just adds to.
I do see many thumbs down for stating the obvious about charts. IMO they can only hold below 8 for a short while. Too many potential positives for shorts to hold on very long. They could get crushed very quickly with the right news and data. As dorian says wash and rinse. When accumulators have all they want that is when we see a strong move up. I will guess INSM will see a break away gap to the upside, when ???????? Probably within a couple of months??????