Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.7%

3:59 PM EST

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To: Thomas M. who wrote (7283)	7/24/1997 9:58:00 AM
From: Tom Hays	of 61433

Tom Miller, The gaps on the open were filled. The only gap that remains is the one between 43 1/2 and 45 1/2. I don't think we will fill those. As for 63 I don't see it. The most recent intra-day peak was 60 . This is where I see resistance. ASND is a stock that isn't showing its hand very well. Everybody needs seat belts in here. I would be very suprised if it blasts through 60. I think a lot of people will sell at that level who got in at that level a month or so back. If we get a good three point up move today with a close, I don't see this stock closing again below 50 unless the market tanks. I have it in a tight channel ranging upwards on my intra-day chart. The stock still fundamentaly looks good, except the first call numbers keep getting adjusted down. This concerns me somewhat. Tom Hays

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