-This is no doubt a buying opportunity if Insmed gets some good calls from the FDA.
I think the timeline will be longer but below is NOT what you want to do holding a biotech stock
No investor adviser would ever invest as you did kvnmcdd You're not kidding anyone. Now get to work deleting!! Smile
1- You sell the News and take a 25% loss- 3/26 Insmed opens @18.69
kvnmcdd • Mar 26, 2014 "Listened to most of the call...and I pulled the sell trigger and sold ") ($ 15.60)
2-the stock runs up close to $20 and you buy the rally at the top.
kvnmcdd • Apr 4, 2014 10:23 AM I was all back in on Monday.. ($ 19.76)
3- You ignore a strong sell signal - by terry_insm •Apr 2, 2014 10:07 AM
The 19.79 sell signal was valid and the chart TODAY HAS A NEW SIGNAL. Ill send the signal to my secret admirers (chart signal started a downtrend.)
4- The stock tumbles to the $13,6 area for another 30% and you buy a rumor from Piper Jeffery
"I bought more today! ( $14.50 ) add 7% loss
YTD Kevin you have lost 60% of whatever you started with this year if anyone possibly believes you and normally I would have sympathy.instead I just smile..
Take note yesterdays relief ralley volume was HALF of the previous days selling volume , dead cat bounce?
I am YTD +65% INSM - yesterdays trade included....I noticed the trade call was missing lol