I'm pretty good a bottom fishing but I stink at finding exit points, so if I try to "take profits" SP will undoubtedly rocket higher.
However, if you track the daily FINRA short data, shorts are shorting like crazy day after day, and it's not denting the price trend.
So it does seem like a short trap/squeeze IS building. However, insmed shorts have NEVER EVER been caught out since the shorts ARE insmed. A genuine short squeeze would be a first. This looks like another Lazzard/Leerink pump-n-dump to me.
So, question is: where do we think the "local top" is before the inevitable 25% correction? My guess is $15.50 but I am rubbish at guessing.