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Technology Stocks : Ascend (ASND) Traders
ASND 197.59-0.8%Nov 7 9:30 AM EST

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To: j g cordes who wrote (131)9/13/1997 10:35:00 PM
From: MoonBrother   of 369
 
This is my first short term price move pridiction of ASND. Hope it works as it did on other stocks I had been involved in several months ago.

ASND should gap up at the opening on Monday morning, say at around $35.75. It may continue to go higher, and hit the first intraday high of, say $37, at around 10:30am - 11:00am. After that, the usually slow lunch time period may bring the stock price back to $36. Then the late afternoon session should push the price up again, and finish the day at the day's high of >$37.

If this happens, ASND should have chance to test $40 again in the following days. But if it finishes Monday back to low $35 range, then we'll have more troubles ahead, purhaps testing a low of $30 - $32 Tuesday or Wednesday.

Lets see how it goes.

MB
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