Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 218.22

-1.4%

3:59 PM EST

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To: AlienTech who wrote (6483)	7/12/1997 10:45:00 PM
From: Tom Hays	of 61433

Alien, THIS IS A BEAR TRAP We had a gap in ASND between 43 1/2 and 45 1/2. If ASND longs win the battle next week and ASND moves up into the mid to high 50s then that gap at the bottom will be labled a bear trap. That is where people were forced out of the stock by fear. They sold their stock at 43 or below and the next day ASND gapped up 2 1/2 points. This gap is filled on the left side so technically it doesn't have to be filled unless bad news pushes the stock back down. If the stock moves higher these people will have to pay a premium to get back in. If ASND was in new high ground or uncharted area and gapped up on high vol. then the gap would generally be filled, so if you missed the break out the chances are good that you could buy in at a pull back in price. A bull trap is the opposite leaving buyers high and dry as the stock collapses. Hope this helps you. Tom Hays

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