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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (11226)12/10/1997 9:47:00 PM
From: jeff wheatley  Read Replies (1) of 94695
 
Hi Bill, Don't know how closely you follow ASND, but that big jump last week came on a day when both the CFO reiterated Q4 estimates at the DMG conference and LU buyout rumors surfaced on CNBC. As such it's difficult to predict the degree of selling that will occur from buyout hopefuls if and when the rumor unravels. The big volume suggests institutions and my guess is that they wouldn't jump in on a rumor, but instead sense stablization and return to growth. Still some selling should come from disillusioned buyout dreamers and general market conditions. I'm looking for 25-26 and will be very surprised
(would'nt be the first time of course) if the bottom hasn't been put in at 22. I like price ROC, Williams %R, RSI, OBV and MACD on the weekly chart, not to mention the double bottom. The Asian effect gives me pause. BTW, what's TSMA?
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