Then sit tight with this. Just as there was a concerted effort to pry shares lose by the constant drop every
morning for the last few weeks on low volume, you now will see a run to get small shareholders to
sell for marginal gains with good runs upward. This tells us there will be a much greater move in price, and
value in the near future. These buyers are the same ones that where trying to gain shares previously, they
have just readjusted their strategy. This is when small investors sell out for small gains. Go back and look
at VRTX...it languished for quite some time only to explode. Those that took small gains lost out on the
real payday...sit tight...this is going higher...Lewis didn't take his position to make a couple of bucks a share.
This guy is way too sharp for that.
Exactly! The retail float is relatively small so the pps appreciation will be dramatic on any good news. I have been here 8 years. Not selling until the visibility on this flight is very clear.
I added quite a few first thing this morning. Something of insurance for when it does run. I think this has a lot of legs left. Yesterday's volume was not that outrageous - 3x normal. If we do get back to back good news - and I'm taking that gamble since the odds are in our favor, the long term outlook is good. And to your point about Lewis, he is a smart guy. If we attain an MC of around $1B pre NDA, and then with a successful NDA filing I believe he can leverage that nicely to any potential suitor. Not sure if he is here to grow Insmed or to sell it. His history is to build and sell.
But, this is not your daddy's Insmed. We are finally looking at what this company will become and we are seeing the products it will develop.