I agree. I called it yesterday before the high and shazamm!- ). It is as you say now resistance.
IMHO if the stock powers past on volume - watch out for the shorts building a much larger position.
they have inventory now till results are released in a few weeks. Unlike the examples of GNTA and INSM in 2009 - Insmed (AS OF NOW) doesn't have a large short position, so having put insurance is what I recommend in case the "slam dunk" becomes a failure. I am hopefully optimistic
terry_insm • May 15, 2013 11:04 AM Flag
they are going to take it to "pure cash value! " 11.+ for good reason.