Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: andy steele who wrote (7669)	7/29/1997 8:14:00 PM
From: Chi-X	of 61433

Here's a fundamental and technical picture on ASND and why it headed up and will likely head higher. ASND FUNDAMENTAL PICTURE: Analyst meeting in California Next hot Momentum Stock See's revenue up for CSCC & Europe No slowdown in sight ASND TECHNICAL PICTURE: ASND created a double bottom. Please refer to the charts. ASND fell to around $46 today and bounced off this area again like it did 3 weeks ago. And bounce in a big way it did. I think this qualifies as a "key reversal". (1) Low near yesterday's low (2) High higher than yesterday's high (3) massive volume! CNBC's John Murphey 2 weeks ago said he expects ASND to ascend to the $60's and in several months the old highs which are the $80's. ASND: Bunch of 200k & 100k blocks going through at $52-$53. You loading up the truck like I am? Beep beep beep beep (watch out behind)... Cheers, Chi-X has Spoken! CEO Chi International members.aol.com

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