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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (2351)	9/26/1998 9:02:00 PM
From: Nazbuster	Read Replies (1) of 7247

Tim, I agree on MER for long term. I'm just burned by the ASND experience from this year and am looking much harder to find that bottoms have been met before jumping in. In the meantime, I sure like the wide swings for trading! I sold some ASND shares last week because of the LU uncertainty risk (and figuring ASND will do its regular 5-7 point swings and offer a pullback if needed). What do you think will happen next week? LU yes or LU no? Maybe I'll buy some puts and repurchase ASND... Either way, the damn stock will move big time next week with either good news or bad news.... What do you think?

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