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Technology Stocks : Ascend Communications (ASND)
ASND 213.14-0.1%Jan 5 3:59 PM EST
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To: w2j2 who wrote (14667)9/27/1997 9:43:00 AM
From: Cashin   of 61433
 
Walter, probably earlier than Oct.1 depends on how low asnd drops on Monday which I doubt will happen. My guess is that if it drops to ~33, people may feel it is close to the bottom. Then longs will cheer and shorts will cover. The technicians will tell you that we have a double bottom formation. So the harder it drops on monday, the sooner it rebounces.
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