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Strategies & Market Trends : Ask DrBob

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To: pharmd00 who wrote (2356)	8/29/2000 9:23:40 PM
From: GTinsdale	Read Replies (2) of 100058

pharmd00 - I bought INSP the other day, also at 28. The charts said today's move was inevitable: the OBV has been slowly inching up for a week, the institutional buying has been fairly heavy for the past two weeks, the MACD line on the daily had crossed over to positive around the same time, and there has been a lot of buzz, albeit muted, about the stock recently. It appears that it has some momentum for the time being, but one never knows how long it'll last. Some unknown brokerage reiterated their buy rating and a $130 price target today. I could see it easily doing half that by year's end. GT

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