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Where do I start??? First of all, I think I've made it fairly clear that, I am NOT totally sold on the ASND story yet!! I have questions about management's ability (and agenda-they may very well be stupid AND crooked!). I also made it very clear, that I thought the stock SHOULD have gone to the twenties at least on this news. (remember I was dizzy w/anticipation last nite). The analysts out there seem to have the same reservations as I do, since only one has reiterated a "buy" at this price level (Warburg). In an earlier post today (I'm assuming you read ALL of my stuff) I even said, that if I buy tomorrow, it will probably be for the trade, not long-term. Since I feel that there IS a possibility there is more bad news to come (margins, 4qtr, etc..) I probably won't buy for the long-term until the stock goes to 25 or less, or Mory says something that everyone can believe at Interop, which ironically is at the same date as earnings!! Maybe Mory will use Interop as his stage to talk about a better future!?! In that case I don't mind paying-up when I have my and my clients' comfort!! Is ASND cheap @ 5x NOW sales? Well it looks cheaper than CSCO at 6, and more expensive than COMS at 2. But, Coms will always trade at lower ratios due to the type of products that makeup their bread and butter. The internet (ASND's playground) will double in size every year til the end of the century. I want to own the companies that will build that infrastructure. (ASND) Good Luck To All!!! |
