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: charger who wrote (5)	9/2/1997 5:10:00 PM
From: vegetarian	of 369

I am not saying that it is a short NOW. Technically, if you look at the chart as a descending triangle, the short point would be if it broke down below 40 (about 3%) that would take care of the support you are indicating at around 40. If you look at the chart as a descending triangle the conclusion would be nearly the same (that is shorting on breaking the lower triangle line since that line has a very small tilt) but at a slightly higher level. If you are hoping to see the triangle break on the upside then obviously the problems being discussed for the current Q don't bother you. This Q ASND could run out of tricks to meet the numbers and past history may not be a good guide for future, but then again I could be wrong. Over what time frame do you expect it to make a 15 point run?

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