I don't know the company, but it sure looks interesting. Technically, it would be nice to hold 1.75. The company is seemingly deficient in cash - it would appear that there will be either an equity or debt offering this year. If they become profitable as forecast this year, the stock could get some attention - diagnostics have been hot.
Cancer Stocks Plunge Following ASCO Meeting [View article]
Miles, I have a negative bias towards small biotech companies, especially ones like this that have a terrible history of underperforming the stock market, generating losses and diluting with equity issuance. That isn't to say that one might find a diamond in the garbage can, but, I think that one is actually more likely to find a diamond in the garbage can. If one of these companies is creating a truly novel, revolutionary treatment, I personally believe that an investor would have plenty of time to buy later at a higher price and still make a ton of money.
Note, I don't have an opinion specifically on Insmed other than my general observations in the above paragraph.
Cancer Stocks on the Go: Winners and Losers [View article]
You get what you pay for, then. If I could publish this list in advance, well, I would be doing it from my boat in the Bahamas!
Many investors look at price action in order to alert them to areas where they should be focused. Is the move overdone (take profits), or is it sustainable (consider buying).
Cancer Stocks Hammered Once Again [View article]
Cancer Stocks Hammered Once Again [View article]
Cancer Stocks Slide Again [View article]
Cancer Stocks Plunge Following ASCO Meeting [View article]
Note, I don't have an opinion specifically on Insmed other than my general observations in the above paragraph.
Cancer Stocks on the Go: Winners and Losers [View article]
Many investors look at price action in order to alert them to areas where they should be focused. Is the move overdone (take profits), or is it sustainable (consider buying).