Found this on the Insmed Incorporated Message Board. It's about Terry_insm who they all reckon pretends to be a share trader just to get attention. But he talks about GHDX as well. The share price is now more than $12 so he's changed his forecast from $4 to $10. Lol!
The Stock Market is a machine for transferring wealth from investors who trust to luck to investors who understand their investments.
And continually averaging down in a biotech in the hope of getting lucky has been the ruin of many a gullible investor.
From the Genta board a few years ago -
"Time to buy?
Good to average down, especially at these prices,but I suspect lower.
I bought last @7.19, hoping for a trade and a rally,GNTA really never saw it.
Is our bear market rally over? Friday suggested it might be, if volume confirms this week, then have cash to buy this gem.
Still a news driven biotech, there is always chance of a quick bubble to make money also but I stand by my... buy it, tuck it away, don't look!,come back in 2 years
Good Luck to all Longs"
"The stratagy works because it is after the fear,the shorts and the ride on the biotech rollercoaster.(NDA,FDA etc)
Analysts ability to "move" a stock will be overtaken by what will be the marketplace in 2 years.(look at post 70's bear market for historical perspective) A marketplace of valuations and earnings.
GNTA IMHO will have them....soooooooooo But it tuck it away dont'LOOK !come back in 2 years
Good Luck to all LOngs"
Does anybody here think the "Good luck" sign-off seems vaguely familiar?
GNTAQ is currently trading at $0.0001. Doubtless Terry took full advantage of the numerous opportunities to average down as he rode it from $7.19 to $0.0001.
So when a leading contender for the title of Worst Investor in Biotech offers the following warning about Insmed -
YTD 25% "the short since 7.81......next stop $4"
- give serious consideration to buying as many shares as you can possibly afford.
Would u care that he's Rosemariecorbin Backwardpalm Sixftleprechaun and Hypermilin as well? He's been making a mug of you.
See if he has Good Luck with this one lol!
words of wisdom from hubby ="what I have learned is wall st never ever ever gives away $$$"................... So the investment community wont pay HUGE! ,say $30 ! .... a share for INSM shares??.... imo- watch anyone who has money and waiting on results get shares for the "pure cash value" ...or the price most holders here are basis for -around a buck...I mean 10 dollars.........................Liquidity HAS to be added if Insmed is successful