Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: WBendus who wrote (7656)	7/29/1997 7:17:00 PM
From: billy97	of 61433

You guys just don't get it. What is different about this company from two weeks ago?After it was upgraded by several firms? Those upgrades may be considered short term contrary indicators for the ones on the ball to get out and get back in later at depressed prices, i.e. traders. This is a fibonacci/technician's dream. I'm living it. check it out: recent low about 40, recent high about 56.5, difference of about 16.5. 16.5 * .62 = about 10. 56.5 - 10 = 46.5 => right where they closed it yesterday! prediction: (10 * 1.62) + 46.5 = 16.2 + 46.5 = 62.7 then back down from there.

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