Have you met or talked to any Ascend employee's or is this your conjecture?
My brother is a CFO at a publicly traded high-tech company. I believe that offers me some insight into why employees buy and sell stocks. And I have a solid understanding of SEC rules creating trading windows. If you are an employee of a company, and you can only buy or sell a stock 4 times a year, you pick your spots carefully, and when a stock rises quickly, employees don't always care about tomorrow's stock price. That's money on the table today, and they are taking the cookies. If you want to call that conjecture, that is your misguided opinion. The stock market is about emotion, and employees have financial emotions just like shareholders...just because it doesn't fit your desired stock direction doesn't mean you can discount it.
The CFO was brought in last winter after the slide. He is in great part the reason ASND has regained WS's confidence in the company.
So you are telling me this guy is the greatest thing since sliced bread and you've only seen him in action for six months? Ouch.
In my opinion ASND is not that great a trading stock anymore...
You obviously aren't a trader. Any stock that moves is a trading stock; up or down, we don't care. With the daily volume in ASND around 7m shares, that is a great trading stock. Any stock that moves 85% in 40 days is a great trading stock, and any stock that has 15m short shares is a great trading stock. Short squeezes are one of the quickest ways to make money as a trader that I know of...the others are called "dumpers." DSND has been a great dumper on occasion.
Obviously our opinions differ. You buy and hold, I'll buy and sell, or sell and buy depending on emotion...we are simply the control in each others experiment. Sooner or later, you guys are going to figure out that the market needs both... |
