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Technology Stocks : Ascend Communications (ASND)
ASND 209.98+4.3%Dec 11 3:59 PM EST

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To: jhild who wrote (13221)9/17/1997 12:46:00 PM
From: RICK SCHINZEL   of 61433
 
I for one bought at 40 1/4 and do feel the anxiety to get back above that magical 40 number. However, I have resigned myself that I will not be selling at 40 and will not add to the resistance at the 40 level. the other thing to be considered is the fact that that once the momentum truly turns around and large amounts of short begin to cover, that resistance at 40 may be made up mostly of the smaller investor whose shares may well be gobbled up quickly as the stock blows right through 40. Possible?
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