With FMR trimming their holdings for a few weeks now and somebody picking up those shares. As evidenced by the PPS remaining some what stable with all those hundreds of thousands of shares being released somebody is getting them and it is not retail
And with a 60 million dilution coming.
Todays tale of the tape suggests that Institutions and Fund Managers are hungry for shares. I would not be surprised if INSM has received calls from Fund Managers and Institutions asking for shares.
When they are finished accumulating what shares they can get they will run the pps up. I will not suggest how high they will run it that will all be determined by supply and demand. When it is clear that FMR is finished trimming we can expect to see INSM move on up.
Me playing the swings always have buy and sell orders set up, picked some up this morning cheap wasn't planning on it but I had a low ball bid sitting out there and it filled, then wouldn't you know it I had a sell order sitting out there at 11 and somebody took it.
I ended up with the same number of shares I started the day with and put some cash in the pocket.
Thank You Thank You Very Much. At present I have set up the same program, I have a sell order and a buy order both waiting to be filled. IMO the only way to play these big swings.