I agree with a bit of your response to JC Group.. Here are my thoughts.
What you absolutely must take into account when playing ASND (going into the earnings report in particular) is how far we've come, and what the 'overall market sentiment' is at the time. Look at CPQ, they went down on their bang-up earnings, because they've had such a great run-up so far. It was time for a breather, and most of the earnings were already priced into the stock. The NASDAQ was up the day before in a large way, in a large run, it was time to step back. Not a retreat -- an overall confirmation of the large run we've had in recent weeks.
Now look at ASND. We had a 20% run up. That is a big fucking haul in the real world of stocks from $40-->$50. But the volume is still strong on the buy side, the technical indicators are still good, and earnings -- THE MOST IMPORTANT THING (because earnings drive prices, nothing else) -- are still going to be, watch this, "doable". What are we seeing the past few days? -- a breather, time to back off and digest a 20% increase. it's needed, it's normal, and it's healthy. This isn't a major retreat, this is space before a major run. AMD was secured on a shit report. CPQ was HARDLY BEATEN DOWN on a great one. What do you guys think we have to lose on this?
Cliff |
