Whats it gonna take short of actual earnings for INSM to hold this time? I think we make new highs on this run,but I`m afraid the shorts will just have their way with us again,what do you think? I sure get sick when we give it all back.The stock should be able to hold 20.00 bucks at least in my opinion,but we have`nt so far.
Blue, when the price has jumped and seems unsustainable and you're feeling giddy and counting your paper profits, just sell some calls on a portion of your position at an out-of-the-money strike price you would be willing to sell it for. That way, if it skyrockets, at least you get the strike plus the premium. I did this on the the last spike and when we dropped down to 12.17 ( one cent short of the trading gap), I bought the calls back for half of what I originally sold them for (a double). It's a good way to profit from the volatility and reduce your overall basis in what is a speculative longer term play.
Did you get my post last night bugsey? Where is the up and coming town in NC? Is it Asheville? I know property values have come up considerably since the crash,but I want to buy something I can remodel and sell for a nice profit in 3-5 years after living there for free,what say you?