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Technology Stocks : Ascend Communications (ASND)
ASND 212.50+1.5%12:59 PM EST
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To: Pullin-GS who wrote (9207)8/19/1997 10:03:00 AM
From: Tom Hays   of 61433
 
Paul,

Forget about this day trading stuff. You guys are going to get burned. My take on ASND hasn't changed, go back and read my post. I said I expect ASND to close the gap at 43 1/2. It has on the intra-day chart. My closing chart for ASND has never dipped below 45 on 1/2 point intervals. This mornings gap opening at 47 1/2 if it holds will mark a reversal in the closing chart. IF, and that's a big IF, ASND closes today at or above 47, then look for a run to 53 or 54 1/2.

Tom Hays
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