We had about 50K shares trade (a BUY) at 1pm est (if I saw this correctly)
We even reached a high of $19.67 earlier YET these MMs continue to drop INSM like a rock while the overall NASDAQ is rallying quite decently. So, WHY is it? If next week could be a major news week, you would think that the price would start moving up today. I seriously expected $19.75 at the close, now it looks more like $18.75. GLTA (sorry for the RANT)
I can't count high enough to know how many times this has happened with INSM. Go back over the years and it is a common occurance. Remember, there have never been results that lived up to expectations here. Let's hope this one will be different. If not, adios after almost 15 years .
I don't think we ever had the coverage and optimism before of this many analysts (here since Jan 2005). This is why I am baffled, especially today, where the PTs are mostly $25 and over (UBS reiterates $31) and so on. Why such targets when there is so much risk? and why the accumulation this week (which drove the shares down to $18.40 or so)? and why keep the share volume down the last week (average 250K or so) and the SP down the last 2 days when NASADQ is over 1% each day? No analyst has bailed to my knowledge. Anyway, here come the $18's again.
"adios after almost 15 years" ...I feel the same way, and I've only been in it since 2006, but I'm afraid that is exactly what the instys want...drive out all of retail just before the really big long sustained move upward. Who knows...it's a real gamble, but at least I'm now way over my basis.