INMD -1.71 to 27.00, I doubled down on my small position this morning. The selloff looks overdone and I don't think production will be disrupted by the war against the Gaza based terrorists.
I sold INMD in the 32.20's. In late september. I was not as positive about there most recent presntation. I posted it here. My sale. I also sold it in the SSKMP as well. I took a small loss on it. It is tempting at this price, but I'm not convinced this quarter results are gonna be that great with the comments about seasonality being normalized this quarter. Making it sounds like q3 comp isn't gonna be great. Now we got this thing with Isreal we have to worry about as well, so another concern. Abh also brought up the light taxation, which was something that I didn't think about, and too be fair it is not clear when that is gonna end. So the possibility of growth slowing, or at least a tough comp, the isreal stuff, and when are they gonna get taxed at a more regular rate as well. I will probably still pass for now, maybe a mistake, but I just like other stocks better right now. And today I have limited access to cash with the bond market closed anyways. Just about 4% right now. So today I will pick my spots wisely and that stock is not at the top of my list at the moment. All is just my opinion, and I could always be wrong though.
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