Rook, I've been on the road quite a bit this summer (burning many gallons of premium) and don't know what's been covered in the press, but this drop in the price of crude could have big time impact. Not on Insmed and the approval of their product but on the banks and finance companies (and junk bonds) that have lent money in the space. Most of these fracking wells can't break even with $40 oil, yet they still have to pay their employees and pay their debt service. If the price stays down here for a while, there could be some nasty repercussions in the credit markets. And in order to pay their debt service, the owners of the wells have to keep pumping, putting even more pressure on prices. It could take a while to completely play out. Add to the mix Russia and other 3rd world countries who desperately need the revenue to support their gov'ts.... It could get really ugly.
Again, not that this directly effects INSM, but when $'s are being pulled out of the market, everything gets pulled down.
Has anybody given thought to the near-term trading action we'll be seeing over the next week due to the $11.25 stock in last August's offering going long-term for tax purposes? If a fund is thinking about lightening up a little, how much would the tax angle work into their thinking w/ respect to timing the sale?
Just the fact that they haven't already shut him down is very disturbing. Is it possible that there is a corporate policy at Yahoo which this kook is taking advantage of? Perhaps the fear of a lawsuit by the glbt community dictates a "hands-off" approach to any post that identifies itself as such. What other explanation could there be? The id's are always the same.