To: Kumar Nathan who wrote (21848 ) 11/7/1997 2:14:00 PM From: uu Read Replies (3) | Respond to
Kumar:the best time to buy! I guess this is where the notion of buy low, sell high comes to play. If everyone was buying then you can no longer buy low ! In the final analysis it will be the bottom line earnings and revenue growth that will drive the price of a company's stock. I believe ASND (along with practically every other high tech stock that has been beaten down badly in this idiotic sell off - fromm Segate, to COMS, to SUNW, to LSI, etc.) will have huge revenue and earnings growth - perhaps not tomorrow, but 6-8 motnhs from now. buy low, sell high when it comes to buying sound/solid companies, dicates to buy when everyone else is selling and no longer wants the stock, and sell when the whole world wants to have a piece of it! For me unfortunately that entered the stock at $46.5 (when still the whole world wanted a part of it), and then at $40 and $32 and some change, I am averaging down at these levels which obviously less people want to own the stock thann there were when the stock was at $32! And who knows maybe this is still too early to buy, but I am doing it now purely based on fundamental outlook of the company.
