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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%3:59 PM EST
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To: Dan Hua who wrote (13381)9/18/1997 2:36:00 AM
From: MarkM   of 61433
 
Dan: Check out the Ascend News-Only thread for good analysts comments. But basically you only need to know a couple of things about Ascend to trade successfully in it, even allowing for reasonable trading mistakes:

1) Ascend is highly volatile both short and long term, rising 60 - 70% in short step-bursts, and falling 50% in steps over a few months.

2) Ascend is a robust company (unlike Joe's tie-clip Inc.)

3) Ascend is slowly slipping due to competitive pressures and economy of scale invading the internet hardware market.

4) Ascend's trading range is currently $32 to $51 (approx), having generally dropped from previous year-ago highs.

With these measly tidbits of information you can trade Ascend for massive profits and know absolutely nothing about the company, especially knowing that ASND is now at the low end of its trading range.
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