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Insmed Incorporated Message Board

  • surestockholmes surestockholmes May 17, 2013 11:29 AM Flag

    Magic # keeps coming up

    10.57 ish keeps popping up on all my math models. 3rd day in a row now. Was hoping there would be a gap fill. Now wondering if 10.57 ish wii be new support. And if the Wed. gap up ends up being a true breakaway gap. I understand that gaps generally fill at one time or another. But when???? and How????????But not always.

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    • I do not run models, but I think this may be one of the occasions of a true gap up. Basis - the horizon for news is close and tight right now. WL hinted that he may have something for us on the 23rd. If he does, and it is substantial, I suspect the gap will hold and we'll find a new base not far from where we are now. Add to that is the expectation of PIII news on CF and updated news on NTM. We also have the presentations at BA and others, as well as news related to Russell. All of which have a better than even chance of being in our favor. INSM is a tough stock to bet against right now for near term action.

    • Well, maybe $10.57 or below is the buy point for hedge funds or others. We vault up early and get sold down the rest of the day.

      Sentiment: Buy

14.24+0.20(+1.42%)9:34 AMEDT