JJ, just to let you know, I'm in COMS at 30 1/4. I could let it go as early as Monday morning since I'm a trader but I'd prefer to hold onto it. I have no position in ASND and I haven't traded it since around earnings time. My perspective as to a good entry point is when the market turns. These last two trading days seem hopefull for the general market, however, ASNd didn't seem to participate on Friday so I'm not sure about that stock. With the next two quarters being projected with the single digit growth, investors may be waiting it out until they seem some indication that ASND can outperform those projections.
So is $24 3/8 a good entry point? If this market correction is over, yes. If the market keeps falling, then I'd wait to get cheaper. Whatever the case, when the market turns around, I don't think it'll matter whether you get ASND at $19, $23, or $27, since most stocks will probably ride the wave upward.
Cheers,
Chi-X hath Spoken!
"There shall be no bouncing, before its trouncing" |
