Dee Jay thank you for your kind remarks.
I'm sure everyone wanted to see more progress in the stock today.
For now it remains in a technically strong position, so long as
it stays above 52. Many other stocks are in the same spot,
waiting to break out. Part of the problem today was that it was
opened too high. Profit taking really took the wind out of it
right on the opening, but alot of the selling was bandit trading.
They should always be discounted since they inevitably lose. Still
they can put a stock under pressure. There were some big selling
trades that they sniffed out, but there were some big buys too.
Interestingly, NTSR held up through it. 20,000 sh of NTSR were
bought in three trades on the close. That 10000 trade of ASND at
52 1/4 was a reporting error, it was 54 1/4. The days low is 54
and whatever, not 52 1/4. Ascend has been very volatile, big
profit taking is to be expected.
By the way, my theory suggests that, assuming earnings work out
and Ascend advances from here, the huge degree of daily volatility
x the huge volume of the last two weeks, may dispose mega upside
volatility that can last for months.
Dee Jay, one of my roomates erased Paula Cook's message. I'll try
again.
Moderating interest rates do several things, all good.
First it lowers the relative cost of investment. Second, it makes
a proposed investment more attractive, by improving the ratio
arrived at between the reward from a proposed risky investment
and the reward from an alternative investment in bonds or cash.
Third, it immediatly raises the prospective value of any equity,
giving a company has more freedom to invest, balance sheet wise,
and maintain the same market value for its stock. Of Course
these are really three ways of looking at the same thing.
CSCC must be delivering some dynamite numbers. CHKPF/CHKPF/CHKPF
Matthew
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