Pastor, I agree with Sector Investor. When you get involved in the stock market at all, you must decide what type of investor you are. If you are a day trader, very well, trade away. If you are buy and hold, that OK, too. Or if you don't like volitility, there are plenty of less volitile areas than the tech group.
But here were are. Smack in the middle of an extremely volitle roller coaster ride. Sometimes with a stock like this its almost better to be Rip Van Winkle. Go to sleep and wake up 20 years later without knowledge of the intervening period. If you follow a stock like this too closely you will alway be tempted to get out at the worst possible time. Just don't put more money in one of these types of stocks than you can afford to lose, and then hold on tightly.
I can't guarantee that the stock will go up right away. Nor can I even guarantee that it will go up at all. Or that it won't go down to 30-36 in the short run. But I can tell you that I believe that if you hold it for 2 years you will achieve 50% a year return, and that the stock will hit 90 before the end of the century. But keep in mind that sometimes I am right, and sometimes I am wrong (more right than wrong though).
A key clue to me is the absolute lack of insider selling lately. Insiders at ASND have traditionally sold stock regularly, but they haven't sold much at all since March. If they aren't willing to sell their stock at these prices, why should we?
Anyway, good luck, and try to relax and not worry too much if the stock goes up and down. Or if it bothers you too much, either lighten your position, or get out for awhile. I have a hunch that tax selling will be a problem starting towards the end of next month if the stock doesn't reach at least 50 by then, so it is possible that you could wait until late December to get in.
Carl |
