RE: MY TARGET FOR ASND IS 60 IN 6 MONTHS
A. Shaikh:
It isn't going to help any! Perhaps listening to this story might help though -- a couple of years ago, LSI was trading at 62 1/2 (my average cost was close to 16). And I had a "target" of 75 within three months (sounded stupid at that time; many expected LSI to hit 75 the next week anyway!) Don't know what I would have done if we had indeed hit the target (maybe I would have gotten a little more greedy?)...
Anyway, that didn't happen. So we'll never know! From there, LSI kept going down and down (and down!) until it went all the way to 17 (so, only my eyes and nose were above water!). Today, two years later, it is at 30 or so. No, it didn't split anywhere! It just got a nice hair-cut! And keep in mind that LSI was never as overvalued as ASND was. Heck, ASND is probably more overvalued now than LSI was at 62 1/2 !
Once we go to the doghouse, we will stay there a long, long time. So be prepared to do without electricity and running water for another year and a half at least! After that, who knows? Maybe we'll get used to it by then! :-)
The moral of the story is that we may have all the targets that we want, but what we get is what the market is going to give us.
As I said earlier, I am neither long nor short on ASND. Nor have I bought any options, futures, futures on options, or options on the future of this company! I just wish you good luck. Hold your breath. This one's gonna be under water for a long long while!
Dipy. |
