Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 221.33

-1.3%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (6364)	7/9/1997 8:17:00 PM
From: Tom Hays	of 61433

I say wait and let the stock tell you what it is going to do. If you sell your position then you risk losing any upside profits. If ASND drops by three points then you can sell and hope for a buy in at lower prices. There is an upward gap at 43 1/2 and 45 This gap could fill but no bets until ASND shows its hand. I'm staying in and going to watch the 51 to 55 area. If it closes above 53 then my bet is it will go to 60 fast. then we will see if resistance turns it back at those levels. I have never seen a stock lose this much relative strength so fast and come back like it has. Tom Hays

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