Ascend (ASND) Traders Message Board

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Technology Stocks : Ascend (ASND) Traders

ASND 199.96

-0.6%

3:59 PM EST

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To: vegetarian who wrote (4)	9/2/1997 4:53:00 PM
From: charger	of 369

This is not a good time to short! Look at the chart...every time it gets down to these levels, I think O.K. now it's finally going to break support and head lower. It never does! I'm looking for the triangle to break to the upside. Downside from here is maybe 2-4 points, but upside is huge. I remember the last time this happened in early July...it seems like yesterday. It had been trading around 40 for a few days and I thought I'd take a look. The buying volume started rolling through in waves, and it moved about 15 points in 10 sessions. This stock will lull you to sleep if it flatlines for a while, so stay awake if/when the buyers come back. Unless the market falls apart, they will be back!

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