Spock,
You may be the person who gave me this idea, however, I purchased ASND at near current levels. When CS tanked it was my feeling that there may be further technology transistions in the networking sector and neither COMS nor ASND was worth the risk. I didn't want to retreat to more CHIP stocks because their upside is partly tied to index changes. I tried to listen to another posting on this tread before making my move regarding averaging in to CS over three days (that fellow's advice was right on the money), but bought too much the first day. Regarding your general comment, you seem to do the opposite of me. Generally, I sell rising stocks too soon (greed/fear of falling). The upside is I sell if there is a downtrend in a stock, and I do my trades on the internet (to keep brokerage fees from eating my lunch), but you can miss out on gains trading too much!
The reason I bought CS is that I don't believe there is much downside left, and as other postings here have suggested it is selling close to book. Your logic may have been, using your obvious patience for holding, that CS's hoped recovery to mid20s would make you whole.
Emotionally I would have a hard time returning to ASND, or networking stocks in general if you decided to move out of CS. Since I cannot predict stocks or the future I won't make any detailed suggestions, or selections, but there seem to me that there are a lot of stocks on sale this week, always buy at sales, full retail means full risk. |
