What the heck is going on with Insmed Incorporated (NASDAQ:INSM)?
Is it the usual INSM roller coaster craziness or something else?
I have been in and out of this company so many times I can't even keep track. In my mind I was ready to sell everything at $19.00. Of course, as luck would have it, by the time I went to execute on my decision it had dropped to $17.50. So I sold two thirds of my position instead.
So what now? Keep riding or lock in my gain as it gets smaller and smaller? (My basis is around $7.xx)
I can't find any news to explain the recent drop. Can you?
Disclosure: I am long INSM.