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Strategies & Market Trends : 50% Gains Investing

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To: Skeeter Bug who wrote (162)	11/8/1997 10:38:00 AM
From: Dale Baker	Read Replies (2) of 118717

Skeeter, with continued weakness in the techs, I took a closer look at ASND with a view to playing it both ways, maybe shorting it the rest of the way down then shifting at the bottom if and when it bounces. The only support at this level goes back to late 1995. Do you have a floor in mind for ASND? The forward PE suggests $21 might be a "value" bottom (but I find different PE's on Yahoo, Briefing and BigCharts, depending on how they counted the charges from previous mergers).

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