On December 29, 2014 I posted the next about INGN:
“My nice inventory picker pal, Judy, is aware of somebody who must be on oxygen. Judy found that there’s a product made that could be very cellular, mild weight and has a nice battery. She claims that it beats the competitors and makes a big distinction to individuals who have to be on oxygen. So Judy researched the product and recognized its producer, INGN. Judy does very properly by choosing shares which have a nice idea underlying their product. She purchased some INGN.
INGN is a current IPO and is scheduled to make some investor conference presentations in mid-January. The inventory might subsequently be risky within the coming weeks. Nevertheless, I purchased some INGN. By the best way, INGN had a inexperienced line break-out in November, consolidated, after which moved up. Check out its weekly chart. It has already doubled.”
This weekend I used to be watching TV and noticed for the primary time an advert for INGN’s cellular oxygen unit. It confirmed one individual slowed down as a result of he was related to a conventional oxygen unit and one other going about city with INGN’s moveable cellular unit. Judy advised me about Inogen’s nice idea three years in the past. Unfortunately, I rode INGN for less than a brief time, a lot lower than Judy did. I used to be shaken out in 2015’s decline. My mistake was to not purchase it again when it recovered and had a new inexperienced line break-out at $55.98. One should all the time proceed to watch promising progress shares that bear a decline to see if there’s a new GLB. Check out this month-to-month chart of INGN. At the time of my submit in 2014, INGN was at $30.25. INGN closed Friday at $103.05. Maybe their new promoting marketing campaign goes to breathe new life into the inventory. A variety of boomers will must be on oxygen in coming years–and even after a hurricane…
My expertise with INGN exhibits the advantage of investing in corporations with revolutionary merchandise. An organization with a nice idea and powerful technicals is far simpler to spend money on and maintain for the lengthy haul than an funding based mostly on simply a good chart.
The GMI stays at 6 (of 6):
- GMI: 6/6
- GMI-2: 6/eight
- T2108: 45%
SOURCE: Wishing Wealth Blog – Read complete story here.