Sometimes even the most obvious facts get buried in all the BS around here. As one who is LONG this company, I take comfort in the FACTS;
1. INSM is actively hiring right now, anticipating growth/commercailization
2. INSM is moving to a new building and in an area rich with pharma companies
3. INSM has a CEO who has done this before and is executing a proven plan
4. INSM recently announced a manufacturing partner
5. With only one exception, INSM and the analysts following the company see higher share prices in both the near and distant future.
Who moves into a new facility, takes on a manufacturing partner, and ramps up hiring without very positive news on the horizon?
Full credit to jad;
This is not an over reaction. This is shorts reacting to getting ruined in a couple of weeks. Per the release: "In the near term we plan to report top-line results from our phase 2 clinical trial of ARIKAYCE to treat NTM lung infections. Following the release of these data, we expect to have discussions with regulatory authorities in the U.S. and Europe regarding a path forward to filing for approval. In the interim, we have initiated a comprehensive education campaign to raise awareness of NTM and to increase accurate and early diagnosis," added Mr. Lewis. "It is our goal to be the leader in this globally uncontested orphan disease market."
Does anyone think they will initiate discussions without positive results? Does anyone think they actually doing an "educational" program (translation - this is a pre-sales program) and does anyone think they would state their goal to own NTM if results weren't supportive. This isn't that tough to read. It's not even between the lines anymore. Less
If SP and volume can ramp up on a day like today with a POOR overall day in the markets and NO news ...... what will it be like tomorrow if the markets have a good day. And how things could go off WITH news! (which is due within 2 weeks)
add to this information a new building, new manufacturing partner, and new hires and it all looks very positive moving forward. Ignore todays price action and look forward
I've followed this company for a lot of years and owned shares on and off trading when it felt opportune.
Recently, but at .64 and sell at .74 has been my pattern. I've been on margin for a couple of weeks, so when I saw I could get .82 for shares purchased and .64 .... I did.
Frustrating company to own, but I'll keep an eye on it. I hope you all do well.
Dude, when you clone someone elses id, you IMMEDIATELY become known as a complete idiot with an agenda spouting lies.