Longs here do not even have to go far to know what is the right thing to do. Just follow Director KAPOOR to sell this stock and buy INSY, and you could have made huge profits like him. This company should have purchased a winner like INSY instead of the big loser HITK.
I told you guys here to buy INSY before Cramer put INSY as his top bio stock pick for people to buy. If you have missed the huge run of INSY in the past, today may be your best chance to buy INSY. Besides INSY insider bought tons of INSY stock, INSY fundamentals are super strong too. INSY has explosive sales and profit growth, and that was why INSY stock ran up so fast.
The smart insider knows. Follow the smart insider to sell this stock and buy INSY will prove to be the right move. Just look at the valuation. INSY has explosive growth rate while the PE is still lower than this company. It is so obvious that INSY is a better deal, and that was why the insider dumped this stock and bought INSY.
Theguywho, think about why the director KAPOOR sold this stock and bought INSY. This company is not growing, and the management decisions are dumb while INSY is growing very fast. Duh! Makes perfect sense to sell this and buy INSY.
Of course, I would not be so stupid to own this extremely high risk expensive stock. If I want to own, I would rather own INSY. But with QE ending, shorting high risk expensive stock like this will be most profitable.