Re: Please use O.T. ( off topic) for posts not about Insmed ... Things to consider ..BO
Yes I did. However hopefully it helped to bring a bit of common sense to what is happening around us. IMO that one is hung up on themselves and is one-sided. Their way only. Not uncommon for some.
I have one ID and contribute $'s to IV to help keep them up and running. Gotta sort thru some of the B.S.. But I do find many useful posts and discussions. I am one that prefers Pros and Cons so as to pay attention to all sides and try to find a balance.
I am not an analysts ; however I do not advise an all or none purchase or sell. IMO average in at various levels that appear to be support or breaking thru a strong resistance level with volume. And average out. Unless it breaks a major support (INSM 26 IMO was a major long term support), I exited entirety of shares at that time. But was averaging out as pps was failing to hold supports. Can't remember for sure but I think I had 8 different entry levels, back then. I work by signals and prefer 3 signals in the direction I am looking for. Then I consider that to be a confirmation of direction.
Example : at present INSM has found support at 19.5 3 times in the past 4 days, most recent gap up was filled yesterday. But note there is a gap at approx. 17.25. Will it fill ??? I don't control what happens but rather follow what is happening.
My favorite buys are when a stock that is trying to uptrend, takes a hit on lower than avg. volume, then recovers quickly. Especially after filling a gap up. Or shows continued support at a level, at present INSM 19.5. If I were to buy there I would add another piece at 17.25 if it fell to that value. Would put my avg. at approx. 18.38. If it broke 16.5 I would take my loss and exit entire position.
Those are the short term supports I see at present looking at 10 day 5 min. chart. On a recent low to high from 5-12 to 5-17. My calculated supports are = 19.73 - 19.09 - 18.45. If INSM holds those numbers it says to me INSM has held approx 62 % of that upward move = accumulation. I also try to pay attention to overall mkts.
I find it encouraging at present that big hit on S&P 500, DJIA and Naz, the other day. INSM was not hit as hard. If mkt. is hit hard again today and INSM holds 19.5 ish, I would also view that as a positive.
Hope not too confusing, I try to look at short term supports along with longer term supports. I think it was Leag. that posted a long term chart view of INSM, with potential of 14.58 as bottom, I am working on memory and could be wrong on that number. I have not ruled that out, but so far not bad from 16.5 ish.
I have not re-entered INSM yet but watching. If I were to see a quick drop to 17.25 on low volume then turn up. I would be a buyer once again. Till then watching. I never know for sure what I am going to do until I do it.
Sorry can't be of better help. Many dependencies happening in overall mkt.