Beach,
Break out on volume, CSCO's affirmation that loans to other company's to make deals is "commonplace."
ASND has been a sleeper, but it appears every dog has his day. Looking for big upside tomorrow. Why?
Well all the people who unloaded ASND at 45ish when the stock topped out at 50 and nose dived to 43, are now licking their lips. ASND has shown resistance, retested recent lows, and is still climbing. Die hard ASND's want back in. If LU makes a move ASND is worth 65ish a share (currently a 30% premium on current levels), and noone wants to admit they dumped a stock just before a 30% gain. With NN and CIEN's recent fallback, this may have provided the clarification that the market needed to recognize what we have been saying all along, LU can and will not survive or compete without ASND!
Ask yourself a simple question, if you owned 0 shares, as of today, would you consider buying a couple hundred shares, assuming your downside was 10-15%, with your upside 30-40%????
My 2 cents,
Jamie |
