lostmymoney, It is horribly cliche, but, "it is always darkest before the dawn". I don't know when you have gotten into the stock, but, my experience over the last three years with ASTN is that just as the stock looks like it is going into the toilet, a turn to the upside occurs and the selling turns into enthusiastic buying.
My feeling is that MST has been rather Pollyannic is his posts over the years, however, being as smart as he appears to be, he wouldn't have as much money tied up in ASTN as he claims to have without very good reason.
I am still long about 8000 shares and have bought calls and sold naked puts on the stock. Clearly the markets have changed in three years to more fully deploy ECN's and Ashton has the technology and political connections with Wall Street to give it an edge on some of its rivals.
Could we see $5 in the next couple of weeks - yes, very possibly - could we see $35 in three years - yes, very possibly.
Please take no offense, but diversification in this market is key right now and the use of options is a good way to protect your downside. You probably know this already.
Best to you, Keith |
