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By:madtrader
Fri Feb 28, 9:23am PST INSP
paranoid freaks
I made a comment on the 24th of this month that I thought INSP looked good on daily chart. Suggesting it has a cup and handle pattern, and if and when it breaks above the resistance of 12, it will be able to get to $20. Apparently some paranoid dude out there thought I was helping the ex-CEO of INSP dumping some shares by "pumping" the stock. I don't know how paranoid people get these days. First of all, Rumordude and I have opposing opinions on INSP. If you simply do a search on INSP on the left hand corner you will see he has it on read since late January. On top of that, we always disclose our position in a stock. He was selling when he had coded it in red. I was buying when I have it coded in green. BTW, Mr. Jain sold a total 50,000 shares according to the accuser. Gee, INSP has had average trading volume north of 300,000 to 400,000 shares since late January. I don't think he is going to need my help to dump a lousy 50,000 shares! Fact is, charts don't lie! People do! If you want to trade against the chart, be my guest. If some conspiracy theory help you justify your losses, great! At the end of the day, take responsibility for your own trades, stop whining about how someone else screwed you. none. |
