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Technology Stocks : Ascend (ASND) Traders
ASND 203.20+1.1%3:07 PM EST

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To: Thomas M. who wrote ()9/2/1997 4:20:00 PM
From: vegetarian   of 369
 
ASND chart is indicating that it would be a potential technical short.
Next few days will tell the story, but somehow I am getting a feeling that its price has much room to go down.
The symmetric triangle on the chart is looking like a descending triangle (the bottom line has such a small tilt) and it could be broken on the down side on any bad news from the company.
If the company does not warn, I think the price will slowly erode otherwise it could be quick.
What do others see?
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