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Guy,
I wish you luck. I do like the group and am still watching for a good
entry point although I think I'd prefer COMS to ASND.
Jim
-----Original Message-----
From: Guy Gordon
Sent: Friday, June 06, 1997 5:12 PM
To: metastock-list@xxxxxxxxxxxxx
Subject: Re: ASND
This is certainly good advice, but I couldn't resist. I bought into
ASND this morning at open. I didn't get my target price, but I
thought ASND was going to go up today along with the rest of the
market.
Then I had to watch it trend down all day long...
But in the last 15 minutes somebody decided 46 was the
bottom and kicked it in the assets. Up two bucks in the
last quarter hour. :-)
On Fri, 6 Jun 97 14:18:15 UT, you wrote:
>Guy,
> I gave up predicting a long time ago, but I'll be glad to watch. =
As for=20
>what your broker thinks, he's entitled to his opinion <G>. I think it's=
=20
>always good to experiment with new techniques and systems as long as you=
don't=20
>actually use them until they have been proven. You never know when you =
might=20
>uncover a jewel.
>
>Jim
>
>-----Original Message-----
>From: Guy Gordon=20
>Sent: Thursday, June 05, 1997 12:44 PM
>To: Jim Greening
>Cc: metastock-list@xxxxxxxxxxxxx
>Subject: Re: ASND
>
>Jim,
>
>Well, ASND is down again today. But I think the bottom is near.
>Right now, at 46 5/8, it is just below the 50-day MA.
>
>Now I want to engage in an admittedly dangerous exercise: I am going
>to predict the bottom of a channel we have not yet seen.
>
>Take the top of the new channel to be the line from the highs of 5/5
>and 5/28 (i.e. 53 1/2 and 60). These are 16 days apart, with a ratio
>of 1.1215. I want to draw the bottom of the channel through the low
>of 4/22 at 36 1/8, and with the same slope as the resistance line
>above.
>
>This line will go through 5/14 at 40.514 (4/22 + 16 days, and 36 1/8 *
>1.1215). That same line will go through 6/5 (today, another 16 days)
>at 45.436.
>
>That is my target price, *if* ASND reaches its low today, or perhaps
>tomorrow at 45 3/4.
>
>My broker thinks I need help. =3D20
>
>What do you think?
>
>
>
>
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