Just my thoughts for everyone wondering what the price outlook for ASND and COMS might be for the future. What follows is my very :-) technical analysis. ANYONE who has followed stocks, especially tech stocks, should be able to relate.
1) Tech stocks very volitale
2) Tech stocks trade on outlook for the future (sometimes not realistic)
3) Greed overcomes fear, fear overcomes greed (repeat ad finitum (sp?))
4) WS does not like uncertainty
5) Stocks perform poorly when uncertainty is greatest, stocks perform
well when uncertainty is diminished (ref #2)
6) ASND has much uncertainty behind it, COMS soon to follow
7) Most tech stocks highs for any year are about twice that of the lows.
8) MANY tech stocks seem to be reaching lows now, look at the charts
for stocks like WDC, NVLS, ASND many other examples.
9) Ask yourself the question, will the prices of these stocks be at 50 percent of current levels or 200 percent of current levels in, say,
12-24 months.
10) Unless we have a war, major recession, major bear market, I'm betting the answer to #9 is 200 percent
11) ANYBODY who says ANY tech stock will "stay at this level for x months" is simply out of his F#$%ing mind!!! Tech stocks just don't stay at any given level for that long. They either go up or down, hopefully if you're long they go up, odds are they will at some point in time. For ASND, $80 may be a little ambitious near term, but I see no reason it can't go to at least $50 in 12-18 months on normal volatility alone. Good luck!
Respectfully submitted, Chris |
