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Your analysis is very accurate, IMO. Last night I actually got sell signals on the major avg's, including the 30yr bond. Today's GDP revision was very helpful in warding off a major Friday debacle. But, I would warn people about the next week or two. I believe we are going to 6% on the long-bond, but we'll see 6.50 first! This should put continued pressure on the stocks in general. This, along with the factors you mentioned, MU earnings, window dressing, etc... next week will probably be dicey, then it totally depends on the earnings, which will begin flowing in Oct. Your #'s on ASND look fairly accurate, but, remember, this stock is sortof "in play" right now. So, if there is a "bad" day in the markets, ASND may not be looking at the EXACT ma line, when 25 million shares are trading to the downside!!! So, as I've said before, Buy this stock on any major dips, especially if it sneaks under 35!!! Good Luck To All!!!! |
