ASD Systems, Inc. (ASDS) Message Board

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Technology Stocks : ASD Systems, Inc. (ASDS)

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To: Jon Stept who wrote (115)	11/20/1999 2:13:00 PM
From: 5handicap	Read Replies (1) of 491

Actually I think the earnings and the other fundamentals of any stock are important to the extent that they get people to buy the stock. There are plenty of other reasons that people will buy a stock: recommendations, hype, etc. But these are all secondary in the sense that the only reason a stock price goes up is supply and demand imbalance. In this particular case, what's causing that imbalance is material only if you want to predict the future. In the here and now, the fact that over 25% to 50% of the available shares are being traded every day means there is the demand. I've tired of doing endless hours of DD looking for value stocks, often being convinced I have found a diamond in the rough, only to have the stock go nowhere. COHU is a prime example. Lately I have done much better by identifying stocks that are increasing in price with increasing volume. That is an indication of supply/demand imbalance, and to be honest I don't care if the fundamentals justify it or not. After all, I'm not buying stock certificates to tuck away on the bookshelf after all. I don't typically hold a stock for more than 1 month.

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