Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.87

+1.2%

3:07 PM EST

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To: Spaw who wrote (52006)	8/13/1998 1:33:00 PM
From: gbh	Read Replies (3) of 61433

Additionally, from a technical standpoint, ASND broke its ascending trendline on July 31 and has been unable to move back into the channel. It is in a sideways to down(trend) now. spaw, I guess this is one of the problems i've always had with technical analysis. The July 31 drop was obviously due to the SRA news. And since then, the Nasdaq is down about 5%, and ASND is up 5-10%. Please explain how this trend is down, and why its now a good short candidate. What target would you be looking for on a short?

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