Ascend (ASND) Traders Message Board

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Technology Stocks : Ascend (ASND) Traders

ASND 200.15

-0.5%

3:59 PM EST

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To: vegetarian who wrote (6)	9/2/1997 6:41:00 PM
From: sepku	of 369

Risk/reward for shorting at this stage in ASND's decline is a very poor ratio, indeed. And terrible timeing, I might add. The shorts rode ASND down from 50 when it really showed signs of weakness. The potential profit from a short position at this point sucks. There is far more upside potential. Any trader with a tick-by-tick system could see that major players have been accumulating shares from 40 -- 42. That 350K block that I posted on the other ASND thread speaks volumes. The emotional weak-handed small investors are driving this stock down, providing blue-light specials for the fat cats. Traders are having a blast. Downside is minimal...perhaps at the worst, 38 is possible -- intraday. I doubt it will remain there...the smart money would immediately load up on such cheap shares. 40 remains support. The longer this ridiculous punishment of ASND continues, the more likely news and/or upgrades surface and pop the stock for 5 points in a day. We know upside is at least to the recent high of 55. I'd go long, buying on all dips, for flips. Style Pts.

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