INGN, Not Even 1 Year Later…

Reference…

INGN: The Biggest ‘Valuation’ Pig I know of in the Stock Market –June 25, 2018

Of course as subsequently noted I failed to take advantage, soon after taking a loss on my short instead as it was destined to rise another 100 bucks a share from that June post before it topped.

As a former participant in this company’s industry I knew it was an utter hog that the suits were passing off as a medical technology company or some such thing. I tried to hold out, really I did, after identifying it as a value pig in the 180s. But look how high they took it before the air came out.

ingn

Funnily enough these shops are now cutting this pig from still-ridiculous targets after its latest quarterly earnings and guidance disappointment.

This is a dirty business and I am not a great trader. These things I hold self-evident. But man, I was spectacularly right on this one along with fellow swine DDD, which was also written up from the vantage point of my former profession.

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