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John H. Ford
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For the past 30 years, I have been involved in startups, as a founder, and active investor. My first company was purchased by Johnson & Johnson, which set the foundation for future investments. My level of trading escalated after graduating from college, primarily as a result of my... More
  • Insmed up over 100% in three months 4 comments
    Jun 14, 2011 9:33 AM | about stocks: INSM
    The market is finally realizing the value of this company.  Congratulations to those of you who held on, and now have at least a double or a triple.  As I stated in my previous articles, this company has executed as planned, and should continue to do so.

    INSM provides an excellent lesson in market mispricing.  Just three months ago shares were trading at $4.69, grossly undervalued.  But the market believed that was the correct price.  At times like that it's difficult to believe that the market is wrong, but it's good to remember that the market can be grossly wrong, providing us with tremendous opportunity.

    Note:
    There have been two websites posting information about J.P. Morgan issuing a $25 price target for INSM.  One of the links now generates an error message, so at this point, JP Morgan's rating is unsubstantiated.  I wish to thank all Seeking Alpha readers for bringing this to my attention.
    Stocks: INSM
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Comments (4)
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  • buy4long
    , contributor
    Comments (5) | Send Message
     
    John-
    Do you have any independent or direct knowledge of JP Morgan's coverage of Insmed? There is considerable doubt about the authenticity of this coverage claim among the more seasoned Insmed shareholders. Thanks.
    14 Jun 2011, 03:20 PM Reply Like
  • John H. Ford
    , contributor
    Comments (51) | Send Message
     
    Author’s reply » Here is one of the links:

     

    www.i3investor.com/ser...

     

    If in doubt call JPM

     

    John
    14 Jun 2011, 05:15 PM Reply Like
  • stu99
    , contributor
    Comments (2) | Send Message
     
    John,
    I second that request from buy4long for confirmation/verification of JP Morgan's coverage of INSM. Thank you.
    14 Jun 2011, 06:43 PM Reply Like
  • buy4long
    , contributor
    Comments (5) | Send Message
     
    This research, if it exists, is a product for which JP Morgan charges. Without authoritative evidence of such a report, all of these websites are echoing what may be a falsehood.
    14 Jun 2011, 07:19 PM Reply Like
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