Need to buy a new computer and want to spend $1000 or less without monitor. Any good suggestion anyone? I don't mind off-brands and prefer mail-order.
Slava - I do not follow ADSK closely but last Friday's downgrade was a bottom fallout for them according to the chart. Now there is a gap that may or may not be filled. If the techs overall can rebound in the coming week, this gap may be filled. The resistence is around 30-31. However, if the fundamentals are seriously bad and the overall market remains weak, this can be just the beginning of a more prolonged decline. Many stocks that broke down with huge gaps in recent months that I follow did not fill the trading gap - I look at it as the sign of time when the market sentiment has no mercy especially towards the mid, small cap 2nd, 3rd tier companies. I definitely would not do anything on Monday morning as it can rebound. But it there is no strength in the rebound and the overall market continues to had south, maybe you would want to take up a small position. If it shows strength, I would definitely wait. Since I don't follow it and has no good feel for its trading history, I would just rate it 50:50 here. Good luck.
On the other note, if you belong to the user forums on CAD applications and other users also feel the same way as you do, then I think that would not bode well for the company especially if the products are their top sellers (which I don't know). A lot of users are investors as well and investor (user) sentiment can influence stock price. This is a pretty common phenomenon and I'm very familiar with the drug stock parallel where patients who are prescribed a certain drug by their doctors become an investor of the drug company later. |
