over the years i have been selling on new high numbers and buying on drops ......tomorrow i will sell 2000 shares that i bought feburary 2, 2013 @ $5.80. i will reinvest thoes profits in insm, aa and nvax . btw the 350,000 shares of mjna that i bought at 0.10 is down to 70,000. best wishes
Every gap down should be considered a buying opportunity if you are planning to add to your position.
I can almost guarantee you that either the market makers or funds load up on every gap down and that is why shares rebound almost instantly .Charts are pointing to $25.70 for the time being and that is almost a given and pay no attention to intraday ups and downs.
A good news can certainly gap up over $25.70 range and then sky is the limit till the NTM results dictate the real value of Insmed shares.
Historically a run up is almost a given prior to every approval.
It's just part of the game with a company at this stage of development. Can't tell you how many times I have seen this so get use to it. As the company generates revenue you will see this disappear, hopefully this year.