Insmed Inc (INSM)

[windyducat]

I think that when PPS was around $1.00 the price was held down mainly on the possibility of an injunction which gave the appearance of eliminating any forward progress. Whether it was held down purposely or the market would not support higher prices, I have no clue.

It appears to me that the injunction is not a brick wall, but a cloud from which when looking past it, or through it, the potential is again visible and real.

In other words, the current price IMO better reflects risk/reward. I do not believe in efficient pricing and this is simply the markets doing "their thing"....but over time the market always rewards based on performance.