Ascend (ASND) Traders Message Board

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Technology Stocks : Ascend (ASND) Traders

ASND 197.59

-0.8%

Nov 7 3:59 PM EST

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To: j g cordes who wrote (135)	9/14/1997 11:42:00 AM
From: Randall Stern	of 369

Guessing is not for me!!!..... I am always looking for a meaningful technical pattern when looking at any stock. I know that fundamentals many times get in the way of this. But, personally the only thing I see changing lately, is the opinion of a bunch of overpaid analysts!!!! ASND has mentioned nothing yet. So, back to the charts I go to find a MEANINGFUL pattern. Well, I may have found one! Does anybody wish to take a look at the Bollinger Bands, especially since March '97??? You may notice that ASND has breached the lower Bollinger Band, I think it's 6 times since then. Everytime this has occurred, it is followed by at least a small upsurge in the following days. Well, it seems that Friday's action has caused the stock to breach this lower band once again!!! I would love to here anybody's opinion on this. Am I just being overly hopeful that my purchase on Friday's close was not too early, or am I on to something here???????? Good Luck to All!!!!!!!!

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