A Martian has just invaded earth. She knows that
the internet is the place to be and wants to invest.
She asks for a list of the top 9 performing network
stocks over the past 2 weeks (since one of these
stocks, ASND, reported earnings). She knows nothing
of past angst about stock performance before the
last two weeks.
The list presented to the Martian is as follows:
Stock 10/9 10/23 %gain (loss)
ASND 33 1/8 33 7/8 2.3
CSCO 81 7/8 81 1/2 ( 0.5)
LU 88 7/16 84 ( 5.0)
XYLAN 23 3/8 21 1/16 ( 9.9)
NN 65 3/8 57 (12.8)
NT 109 3/16 94 3/4 (13.2)
FORE 20 15/16 17 15/16 (14.3)
BAY 41 34 1/2 (15.9)
COMS 55 5/16 46 5/16 (16.3)
The Martian is worried by the trend, but likes the
one stock, ASND, that seems to be performing well.
Interestingly, the Martian learns that this company,
ASND, just repriced its employee stock options at
34 15/16, something that might well cause its employees
to hang tough and might further indicate that ASND's
management perceived that to be a good low price.
Further, the Martian learns that no ASND insider has
sold any shares in the past 2 weeks (or before).
Lastly, the Martian learns that this company, ASND, has
a product that other companies might want to sell for
themselves and that the company is talking to these
companies about such an idea.
The Martian likes what she sees.
Gary Korn |
