level 2 shows an exchange bid 17.50 ask 17.60
all at once another exchange show a bid 17.25 ask 17.26
first exchange bid ask disappears
then it repeats itself again and lower we go again
how can this happen without each others help
looks like the institutions would get tired of losing millions every morning
just maybe they are making millions every morning
-PFE was the big loser last Wed,cutting back on their deal recently with PUMA
=.Puma Bios large indication for breast cancer numbers is obvious. NTM is a small but growing market
-Wednesdays echo heads "Shorts got killed", INSM too! is silly.,the same fools talking of a Insmed share price that =is impossible.
=It was the short interest that tripled Pumas share price Wednesday The SI can adjust to every trading situation... =they have the power (media, analysts the money ) -and they also have 18-24 months (if approved) to turn the price down and effectively come out of PUMA with a double+++ =.
( remember ICPT ?) , = in other words - ) =like these market abnormalities,Insmed is not like Puma, Insmed has orphan (small) markets=
Besides that, JULY has been horrible to Biotechs (like April). We never recover what we lose on RED days when it goes green. That also makes me wonder what the "rules" are. But, low volume usually is the opportunity for the MMs to steal shares at a lower PPS. This has nothing to do with Insmed's prospects. This is a programmatical haircut or new valuations.