Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: jeff wheatley who wrote (12074)	9/12/1997 6:14:00 PM
From: Jeffery E. Forrest	of 61433

Could call this the WHINERS thread if it gets much worse (g). I for one like to hear it all. Nothing wrong with cryin on someones shoulder either<g> Starting to look pretty oversold. Monday could see a blowoff and retracement to 38-40. What do you think? What do I THINK or what do I HOPE?<GG> Wellll, I sure don't like the fact that we made a new 52 wk low AND on BIG vol. That really sucks. We're at a VERY crucial spot right here. If it's gonna bounce, it HAS to do it NOW. Plain and simple. I've been scrambling my butt off to stay on top of this thing and quite frankly, I EXHAUSTED!<G> It WAS my largest holding around the middle of Aug. Because of my charts, I took small profits or sold at break-even and now only have a few hundred shares. Gotta admit, yesterday tricked me though. I really didn't expect todays action. YUCK!! The shares I have left are my core position that I've been holding for quite some time so I'm not worried about them. (I'm a little sick about them only being worth 35-36 bucks though:-((( I'm watching what happens at this price level VERY closely. We need to bottom, bounce, base, and reverse trend and then there will be lots of bucks to be made. Luckily a stock like ASND can do all that in a hurry. We HAVE to be DAMN close to the bottom of this though. I would think that the air is close to being clear of all the bad news, etc. How much more could there be? As soon as we see an "unfavorable news item" that DOES NOT cause the stock to nosedive, it's time to buy big. Right now if ASNDs janitor so much as farts, the stock tanks!

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