Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.62

+0.3%

2:00 PM EST

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To: N4ZQ who wrote (12345)	9/14/1997 1:01:00 AM
From: EAGLE-EYE	of 61433

Up? Down? Sideways next week? Who knows. I don't own any ASCEND but beleive it is a strong company overall. On the flipside, I am also a firm beleiver in Graphs and Statistics. This TRANSENDS above all our "weekend" opinions, "rumours of things said by inside "friends" (this includes my previous post regarding a strong potential for a FLAT earnings report), or our love for a specific company because of historical or sentimental values. The fact is..... IT BROKE THE MOVING AVERAGE, 52 WEEK LOW. IMHO, - up several points early in the week ( the traditional "suckers" rally ). - A continual painful drop thereafter, unless Ascend releases some news soon. - A potential bottom of 27 to 30. - A quick climb with good news, or .... a torrential deterioration of price with bad news. Good Luck to All.

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