I am also very skeptical of an ASND buyout. IMHO, we have dismissed the insider sale less than 2 weeks ago of 28,000 shares at 23.75. I know there are many reasons why one might sell, incl. margin calls, home buying, etc., but, for my money, such a huge insider sale at 23.75 is enough for me to sell ASND at a very small gain. I know MU's Simplot sold a ton of shares at the low to cover a margin call but that tends to be the exception rather than the rule. Do you really think the ASND insider had to come up with over $600,000 to cover a margin call? I don't. IMHO, the amount of shares sold at 23.75 seems too high to give credence to the reasons we sometimes conjure up for insider selling in order to ignore the obvious-- the guy knows something negative that we don't. Of course, I understand not wanting to take a huge loss just because 1 insider sold; I probably wouldn't either.
Despite the large blocks of buying, ASND seems to be having a lot of resistance breaking 25. Once ASND breaks out to 30 or so with heavy volume, I may lose 5 points but I get more assurance of a confirmed upward move rather than the current possibility of a dead cat bounce. Like Mr. Spock, I would also like to see some insider buying. Gary, I think any insider purchase must be reported to the SEC-- not just insiders who own 10% or more. Until ASND breaks 30 or we see insider buying, the insider sale of 28,000 shares at 23.75 is just too compelling to ignore, especially when you can take a small gain. Has anyone tried to find out more about the insider who sold?
Thanks everyone for the good work.
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