Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.98

+4.3%

3:59 PM EST

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To: Sniper who wrote (12885)	9/15/1997 6:41:00 PM
From: EAGLE-EYE	of 61433

Gee, I'm not sure how you can translate todays action as "great support at $32". Yes, I do agree it might pop a point or two tommorow, however...until they release news, IMHO - this will just be a "suckers rally". In review of the charts....terrential high volume, large point decreases, 52 week low broken 2 days in a row, no pre-announcements, increase Brokerage house downgrades, and no positive news in sight - I think this Stock will break $30 after a lil run-up. Remember, PAIR and SHVA were to stocks folks also LOVED and Cherished. Many said...."it will NEVER go down that low!!! The old saying still holds true....Never fall in love with a stock. Also, Charts DO NOT LIE. I'm looking to buy soon, but not willing to catch the falling knife. I'll pay the premium of several bucks and wait for a double confirmation that its going north. Good Luck to all.

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