P&F Madness,
I am new to the ASND thread. In fact, I just started reading it over the past couple of days, because a friend of mine, whose opinion - both technical and in investing - I respect, brought ASND to my attention. His view, in short, was that ASND is a great company with tremendous technology particularly in the telecom switching sector - which in his view will be exploding in the next few years. He said that at the current prices ASND is a bargain.
I took a look at ASND graph and, although I am not a Technical analyst, even I could tell that this looks like a stock in real trouble, in a major down trend. I also read your recent mail and a couple of other people's mails who make the same point in a much more elaborate manner.
Before, I throw in the towel and look into other things, I wanted to ask you, and anybody else that cares to address my question, what in your opinion lies ahead for ASND? The graph describes history. Looking forward, is there anything in the pipeline (news, products, strategic repositioning, alliances, mergers?) on the basis of which one can make a reasonable case for buying the stock at these levels?
As I went through the dozens of mails over the past couple of days, all I saw was heated, almost religious, debate about whether the stock is heading into 10's or going higher, but no facts or logic on which to base these predictions. At the end of the day ASND is a business, not a horse on which we are betting. So, again, are there any fundamental reasons to buy this company at these levels, or should I move on...
ASND fans and others, you opinion is most welcome...
Tavros
PS: After I finished writing this note, I realized that T sent it to Styles Pt, instead of P&F. Anyway, the message still stands |
