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Technology Stocks : Ascend Communications (ASND)
ASND 206.76+0.6%1:32 PM EST
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To: Sector Investor who wrote (7924)8/4/1997 8:12:00 AM
From: Dan Lisman   of 61433
 
From Briefing.Com (8-4-97):
*************************************************************
Computer Networking

Brief: Networking stocks recouped much of their early morning losses but never fully recovered... Newbridge Networks was the big loser, with FORE Systems also giving a little ground... The latter slipped after the company noted that (favorable) comment made by an employee regarding Asian revenues should be disregarded because it contained inaccurate information... Traders should take note of the potential double bottom formation in Ascend Communications... A break of resistance at 60 would target return to 80 area

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Had anybody else noticed double bottom?
(I don't see it)
Dan
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