ASND premiums are abnormally high. work on the option before you
work on the stock.
techs are due for a correction. however, so are biotechs. somebody
said biotech is the only "growth" industry. i am laughing my butt off.
investing in biotech is like investing in canadian mining companies.
success stories are repeated over and over by con artists to lure buyers.
two market, same sheep.
ASND, PAIR, CSCC, SHVA and others are over priced. however, there
are still bargains out there in the tech sector.
coca-cola is priced at 39 P/E. so are other DOW components. the
DOW industrials are still in record terroritories while all the high techs
got corrected.
i know a lot of people want tech down. because it has insulted their
intelligence. these people who made a living in the 1970's evaluating
companies like cyclicals, utilities, etc just simply cannot understand
how technology companies work. they can't even figure out how to
use a computer. no wonder, these people want techs down. until
people pull money out of the techs, they cannot make money in companies
like international paper, phillip morris, amgen, and other "blue chip"
non-tech names.
thank you for your comments. i am a tech person. i agree some of the
tech stocks like NSCP, PRST, ZOLT have gone wild. but don't count
technology out.
technology is the driving force behind our society. tech stocks are
the true "growth" stocks.
good luck to you. |
