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: vegetarian who wrote (7642)	7/29/1997 11:11:00 PM
From: Tom Hays	of 61433

M. carter, I have that same triangle on my closing chart of ASND. Right now we are at the edge of the upper down slope from the recent high of 60. This stock MUST break through the 56 area to clear that, and then I think we well see how much resistance is at the 60 area. The recent trade down to the 46 1/2 took me by suprise on the intra-day chart but on the closing chart we had support at the 44 area. We never came close to that. This stock right now is very volatile and this triangle is very wide. I have it at a 10 point spread. This battle is a long ways from being over. If we clear the 60 area then we have a new ball game, but untill then I still have my seat belt on. Tom Hays

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