To respond to all the flurry of private messages going about:
1. I have a loss in ASND that I cannot take due to wash sale rules. Therefore, my accountant has told me to exit all ASND positions for 30 days. I did so during this past week. In my non-retirement account, I won't hold or trade ASND until just after April 1Q earnings are released.
2. If I see a momentum push, or a trading opportunity, I will purchase ASND in my 401K retirement account (it is fully tradeable as I'm the trustee and I set it up that way). However, I think we may be flat for a while, which is why I opted to do this now in the first place.
3. I'm usually wrong, but I think the market is frothy and that ASND could be hurt by a market correction, at least until earnings strengthen. As earnings could really improve by 2Q, June/July, and as LU is able to do a pooling of interest deal after September 30, I want to have this wash sale thing out of the way before these timeframes. Then, it's a new ball game.
4. If anyone sees some big positive event coming, please do let me know so I can load up my retirement account!!!
Gary Korn |
