I am ecstatic! Both of my largest holdings, ASND and CYMI, have been doing remarkably well over the past month. And most importantly, the rallies have been fundamentally-based...now with some technical strength we should see some return of the old "momentum" days.
I'm especially pleased about the 200dma breakouts having the effects I expected, considering its validity as a significant indicator is being challenged on the CSCO thread. I can now refer to this as a "case in point".
Gary, I can never be certain where the overall market is headed, but there is an advantage there in stocks that have just emerged from their darkest days. With the depressed valuations that they are trading up from, the new capital restoring their value has taken the market environment into consideration. So I would expect a little insulation to factors such as the situation in Asia, as compared to companies that are still trading at their all-time highs (I'm not referring to CSCO). At least where ASND is concerned, I believe it should hold on to most of its advances.
As for your views on ASND breaking the 200dma, you're even more bullish than I. I was expecting 40 by March expiration, and 45 going into mid-April. However, you're right...with technical (psychological) reinforcement behind the improving fundamentals, and increasing awareness going forward that ASND will probably beat Q1 expectations, this stock could easily be trading at mid-40 before April.
Style Pts. |
