ASND, CHPS, SME & OAKT
ASND is a trader's stock, not an investment. In fact, its actually a speculator's dream. That 280k shares traded in large block buys is inconsequential on a 6.7 million share day. A large buy for this ticker on today's volume would have to be 100k or more to be sigfnificant. The bottom line is that if ASND approaches 50, its a buy, and if it approaches 46, its a sell. From where the chart sits now, it could go either way tomorrow. ASND usually trades with enough volume for me to call this on delayed quotes, but its not for the faint of heart. Trust the ticker if you want to trade this one. If it turns down, then its going to slide, and if it turns up, hang on until it levels. The easiest way to play ASND is not based on the intraday trading though, but to simply use a 15% rule: Buy when it drops more than 15%, and sell when it rises more than 15%. If you want to have some real fun, calculate what that would have made you over the past year. With the volume of uncorrelating news, don't base anything for UUNET on that. Look at that ticker for its own value/potential.
CHPS looks to be a buy if it hits solid resistance at 10 5/8. Right now its so flat I can't pattern a trend.
SME looks horrid, but OAKT looks pretty decent (sorry, but I'm tired)
lastshadow |
