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INSM due for a breakout?

 
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ChickenHawk



Joined: 24 Apr 2005
Posts: 247
Location: Houston, Texas

PostPosted: Fri Mar 23, 2007 10:57 am    Post subject: INSM due for a breakout? Reply with quote

I have been following INSM since the Fall of the Mighty Dow and believe it to have huge potential.

INSM is a bio-tech company that develops drugs for various diseases, but what intrigues me is their new research on type 1&2 Diabetes and another drug that "may treat solid tumors", all in the development stage.

Checkout the charts, as it appears to have reached bottom and for the past five days has flattened out near the mid point of a large bearish candle (when the dow dropped).

I like the potential for a sudden breakout, and if one of the three new drugs gets approval, the upside could be a huge move.

Any thoughts?
Laughing
Happy trading!
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