Insmed Inc (INSM)

[ED20332]

Nice post from Yahoo board

Re: OFF LABEL: MDs YES MFRs NO
by: emmalm5 (63/M/Louisville, KY)
Long-Term Sentiment: Strong Buy 02/25/06 03:10 pm
Msg: 70002 of 70060

A few paragraphs taken from Richard Russell's Dow Theory Letters:

"If you hold a tangible asset and have no intention of selling it, why drive yourself crazy pricing it all the time.... An investor buys some land or a few outstanding stocks and instead of trading they, he forgets about them. In 10 or twenty years that land or those stocks are worth a fortune. If he, the same investor, had been pricing his items daily, somewhere along the line he would have become uncomfortable or frightened and bailed out.

This of course, shows the great advantage the wealthy individual has over the "little guy." The wealthy investor buys a stock, and it represents only a small fraction of his net worth. In fact, the wealthy investor hardly looks at the stock's fluctuations. The fluctuations don't affect him, they don't really change his total asset position one way or the other.

In other words, the wealthy investor is in a position to hold the stock regardless of market conditions. In the end, the stocks fluctuates, it corrects, it hits new highs, then declines, and over the years the stock hits ridiculous new highs. Finally, on a valuation basis, the investor sells. But only the wealthy investor has been able to hold this stock until the point where it became absurdly overvalued."

Everyone investing in INSM should try to adopt the attitude of the wealthy investor. If you have such a big percentage of your net worth in this company that it's failure will cause you great financial distress you can't act like the "wealthy investor" and you should lighten up to where you can. I have been a Financial Consultant for over 30 years and the first conversation I have with my clients is that they MUST invest like the "wealthy investor" and buy when no one else will, when a stock is getting tanked, and sell when no one wants to when the stock is soaring to absurd valuations. It has worked for me and my clients and will work for everyone but from what I see on this board there are too many "poor investors" who MUST watch every move of the stock. All too many of them will act like the "little guy" and bail out way too soon and remain poor!