Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (421)	8/12/1997 6:34:00 AM
From: sepku	of 7396

>>>There are signs I look to as to when to go long, and ASND has none of them going for it at the moment. In fact it has my number one short sign going<<< ...being the breach below the 50dma, I am guessing. I see this as remarkably similar to the situation preceding the 1-day surge of 6 points just recently -- several negative sell-off days before finally bottoming out in the 46s. In fact, yesterday's 4 point sell-off paled in comparison to the rally before it...both traded 24 mil in volume, meaning ASND's rise was clearly more dominated by one force (bulls) over the other, than yesterday's fall where there was a pool of money looking for bargains. The underlying reasons differ of course, but I believe the smart money will support the stock buying on dips...after all ASND still offers the fastest growth of all the networkers. Market seems to always over-react, and this news of a soft July is not too significant -- networker sales as a whole were all pretty mushy. ASND management within the last 10 days has been guiding analysts to expect a strong 3Q...albeit backloaded -- apparently back-logged orders regained vigor in the end of July...not in time for the books. The task will be hitting the 3Q mean of 0.35 with the remaining 2 months picking up the slack...0.02 in July didn't do much to drive towards that mark. The 8K filing was a trivial legality in my eyes...of course there may very well be downgrades today...so it'll be interesting. I'm going to watch pre-open bids and volume/sentiment for the first 30 minutes and see where the money flows. Nasdaq is due for an up day, but this economic data will keep the big $ on the side prob. If the data is benign, the networkers are going to surge I'm sure...COMS is going to report soon. Gotta love those volatile networkers! Style Pts.

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