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Technology Stocks : Ascend Communications (ASND)
ASND 218.32-2.6%12:21 PM EST
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To: Tom Hays who wrote (6368)7/10/1997 1:00:00 PM
From: Thomas M.   of 61433
 
I have put in a stop near 46, as this has now become heavy support (mid-May, early June, twice this week). A drop below that, and we've got big problems. However, I don't expect a retest of this support. Neither do I expect a huge rally before expiration, as the writers of all those July 45's and 50's won't let it happen. I can't decide how to play the earnings report, and I agree that we should let the market tell us. BTW, if it tells you, please tell me. :-)

Fundamentally, I think ASND's story is well known by the Street, whereas CSCC's numbers for Q2 and outlook for Q3 are not. That might be the swing factor. All you "fundie" experts, please comment.

Tom
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