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I have to disagree. My perseptions of the downgrades and future expectations are not as bleek. Obviously if asnd misses the numbers greatly, there is room to fall, and if we see a larger market correction, we may fall a point or 2. But this current scenerio has been seen many times before, and most recently during last earnings (pertaining to other stocks). The fellow a few posts prior had it pegged. You buy now as we get hammered down, not waiting for the positive news to create a reversal. I am constantly reminded of the recent Pairgain drop. And as I jump in during the doom and gloom, and read all the panic, confusion and shorts, i keep reminding myself of one thing. Great company, news is not THAT bad (short term), and what is my upside vs. downside ? Asnd has not pre-announced yet. We are only off a couple cents, that is no surprise now. Bottem line, if you think ASND is going under as a company in the next 4 months, then dream of the falling knife. But if reality holds and they miss by a couple cents, like everyone is forcasting, then it gets no worse from here. |
