Consequently, any prediction I made on ASND, if correct, was mostly pure luck. - gary (modest) korn
i do not believe your predictions are based on luck but of your knowledge of asnd and the market. keep in mind i use to make fun of the conspiracists each month predicting asnd's closing price when options expired. but most people will take a look on friday before expiration for a real clue, you are doubling that time. i do not believe most stocks follow this pattern of predicting the final price at options expiration as asnd has 2 weeks or more prior to the event. we even hit 38, which brought us closer to 40 than 35 (maybe pete can double check my math), with many predicting 40 shortly and yet we are back at 35.
we were still running up 5 points a month, and ready to add 5 more, when you noticed on your technical analysis, 35 would be the close. yours is one more piece of information to have.
i did not sell my asnd, not based on someone's predictions of price, which i find fun, but because the thread provided compelling arguments and data for asnd's turnaround during the dark days of the low 20's. because of the information on the thread, not a price prediction, i averaged down and pulled into profitable territory.
i agree with you, anyone who trades on someone's price prediction has a hard lesson to learn if they do not do the homework on the stock. |
