Bretsky, You may be onto something when you said $50 as your buy price. However, check the chart at:
bigcharts.com
$80 (pre-split) seems like a support. In Jan. close to $80, part of March was in $80 range, and April sell-off touched $80 and returned. Assuming, Nasdaq doesn't go into a tail spin, INSP may hold, $40 (post-split) as support. Chart reading is no crystal ball. Since buyers met sellers at around $80 (post-split $40) quiet a few times, one can hope if INSP goes down due to market conditions, it might find support again around $40 (post-split). Let's hope, Nasdaq won't correct big. If Nasdaq goes down into correction, logic says, no stock will escape. Well, time will tell us...
Thanks. |
