>What did Barrons say about ASND?
The current Barron's issue
Here is an excerpt:
AN INTERVIEW WITH JUSTIN MAMIS
A chartist extraordinaire groans over the look of large-cap stocks but still sees opportunities in smaller and medium-sized fare. A bad word
for Nike, Philip Morris and Ascend.
Q: So, what are you looking at ?
A: That fact is , I am looking at charts that are not as bad or as toppy now as they were then. This is a gut call. When I look at the enormous pile of charts I keep, which contrains many of the same names that it contained in '87, as well as new ones, I really do not see the large number of classic, textbook, john Magee-type tops that I saw then. I just don't feel like it is the same kind of reading. I see different problems. Certainly from the narrow patch of stocks called the big-caps, I could pull out 50 charts and say, "Yes, these look the same", but the broad range of charts does not look that awful. It's only things like Ascend Communications which have looked awfully toppy for a while. Philip Morris has a terrible looking chart now. so does Nike. There are stocks like that, but the list is not nearly as extensive as it was a decade ago.
Narotham Reddy |
