Biotech sector has reset-Piper J $51 !-who would believe such a thing ?
The PJ trade was obvious to most of us traders and perhaps now, even the hypsters of this MB see it.
The sentiment soared! and MM who needed shares had PJ-dchbag do the pitching.
Insmed is at a watershed point from the ashes of 5 years ago when some bought at today's price of $1.30 (or bought last May 2013 @ $1.30) Insmed has been bought up by the Institutions but the Institys have already made their money back and doubled.
Arikayce decisions are upcoming and I've put up my guess and its not the ridiculous hyperbole
of billion dollar buyouts and profits. I hope Insmed succeeds on all counts,especially for CF/NTM sufferers.If successful there will be a chance to make money trading,and then after 10 years of watching Insmed maybe even investment worthy.Bio has reset to those who will have strong revenues.Its deja vu all over again.