Do or die Level for NSPR
Updated
Hey guys,
NSPR or Inspiremed is an interesting company that has developed Stents (to reopen clogged arteries) with new, more promising long time materials resulting in less risk for common compliactions (inspiremd.com/en/products/the-technology/).
Also massive insider buying about some weeks ago, yet very negative price action. At this point NSPR plans to get listed on NASDAQ to reach more investors. In order to do that, the price has to be over 1USD - they will hold a vote in the coming weeks if a reverse split should be exercised - thereby halving the total stocks amount and doubling the price.
Right now, the price is at a critical level - im my opinion one could buy here with a very tight stop or even setup a short position lower if the former low level (yellow line) breaks.
No financial advice, just my personal opinion.
NSPR or Inspiremed is an interesting company that has developed Stents (to reopen clogged arteries) with new, more promising long time materials resulting in less risk for common compliactions (inspiremd.com/en/products/the-technology/).
Also massive insider buying about some weeks ago, yet very negative price action. At this point NSPR plans to get listed on NASDAQ to reach more investors. In order to do that, the price has to be over 1USD - they will hold a vote in the coming weeks if a reverse split should be exercised - thereby halving the total stocks amount and doubling the price.
Right now, the price is at a critical level - im my opinion one could buy here with a very tight stop or even setup a short position lower if the former low level (yellow line) breaks.
No financial advice, just my personal opinion.
Note
It is getting fugly. Market reaction to reverse split announcement is -20%! Wonder if anyone went short..Note
Reverse split will be live on 27th of AprilNote
If things dont change I could see the price in the high 0.30s by then - just technical.
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