Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.43

-0.2%

Dec 23 3:59 PM EST

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To: Finder who wrote (9966)	8/28/1997 10:10:00 AM
From: vegetarian	of 61433

It is hard to say at this point but two back-to-back downgrades from ML in 24 hours is not a good sign. For the conservative ones, does not make sense to be buying the stock until it resumes an uptrend. It could be breaking down from a symmetric triangle consolidation pattern technically and that would imply taking a short position if and when it breaks out of the lower line of the triangle (by about 3%), definitely not a good time to buy unless you want to risk the possibility of seeing it go down further since the fundamentals are also not the strongest at this point for near term. It could go up for some time by defying logic but I would wait for the fire to be extinguished.

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