Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.62

+0.3%

2:00 PM EST

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To: Jeffery E. Forrest who wrote (12068)	9/12/1997 4:37:00 PM
From: Christopher White	of 61433

Right now, I would not want to have ASND as a long in my margin account, or cash account for that matter. Looking at the Value Line chart, the last time ASND traded in the current range was Jan 96. Eyeballing this chart, it looks to me that ASND has about 120 million shares for support in the $30-$35 range, from trading between Oct 95-Jan 96...if it eats through this support, there are less than 40 million shares which traded Oct 95-Nov 95 for support between $29-$22. Too risky for my appetite, I'm watching this one play out from the sidelines, folks. Christopher

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