Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

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To: craig crawford who wrote (3981)	6/11/1997 11:15:00 AM
From: Simon	of 61433

Having watched charts for some time. These things rarely stop at one point and start back up. For some reason the good ones do something like this. Close at 50, drop down intra-day to say 46 and run back up to 49.5 or in this area. This in effect leaves a "tail" like a kite tail hanging under the 2 closing prices. If there is real potential the price usually starts back. Asnd does have an odd formation at present. \\|/ Top of left line 80 dn to 38, up to 60, dn to 38? and back up again. These formations have been showing up in a lot of stocks since april. It may just get back to its prior low of April and start a climb back up the slope. Assuming the Mkt does not do anything drastic. IMO "worth what it cost U" ??

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