Musings on how to play this week in ASTN
I'm flattered you ask my opinion, as I'm new to this stock as well,
but I'll give you some answer that may help you decide what to do.
Basically you have an Exchange technology consulting group which is
comprised of all kinds of Legal, Financial, Telecommunication, Math,
Computer Technology, Marketing talents, who leverage their capability
for the benefits of any foreign or domestic trading system, as well
as Internet Trading/Transaction Technology. Now this happy band of
experienced geniuses have a pet in-house project which after 2 years
of waiting has finally been approved for exclusive implimentation. So
you have to ask yourself, did you buy this Consulting group which may
dramatically increase their leads because of their new trading system,
or are you buying just the new trading system potential, or both? The
part of you that's investing in the July 1st Trading system should
keep a core holding thru that period, and can attempt to time ASTN's
stock with other money as it bases and surges thru this period. The
part of you that's investing in the consulting company, should also
keep a core holding as inevitable deals are signed, but trying to time
these events, especially bases on rumors that usually are started by
other investors, and not company insiders, is simply impossible to do.
Bottom line is this; hold a core position in ASTN at least thru July
and possibly thru next year! if you want to try to time ASTN with the
rest of your position, then I wish you luck in doing so, because it is
a very difficult and distracting endevour which I will shamelessly try
to do, and post my timing on this thread for all to scrutinize. Maybe
you should follow advice I gave a friend recently who wanted to sell
some of his big winners, in order to play something new. I told him,
if you expect your winners to keep on winning, then sell your losers
to raise money, and leave the winners be. If the winner keeps running
you'll kick yourself for selling it, and if it falls, what the hell,
you were way ahead anyway. Selling losers is always better to raise
money because even if they have not already recovered during this
current market rally, they probably won't do it any time soon and why
wait till year end when everyone will be selling their losers for tax
losses, and you'll probably end up getting that much less for them. |
