Yeah, since the IPO, ASND's price has been going up at a 45 degree angle (from the time (x) axis).
I wouldn't be worried about the stock, unless it got below roughly 54-55. As I said, right now, the interest is elsewhere, notice the low volume? They'll get back to this one, it just needs a catalyst (news) for that to happen.
Another thing...ASND is big into ISDN, right now, the ADSL stocks like AMTX, PAIR, and WSTL are seen to be the future of communication (which could be true, and which might worry ASND shareholders). Luckily, I've got all the bases covered.
By the way, today's price action wasn't good. After a high of 62 3/4, it closed at 59 3/4...at the low of the day. |
