Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: X208 who wrote (13275)	9/17/1997 3:51:00 PM
From: RICK SCHINZEL	of 61433

Well...!!!! there is old X208!! In the past there have been many people to call you a fake X...but those who followed the Pair situation will remember that you called the bottom right on the money with that too!!! I have re printed an exerpt from your recent post the other day when the stock closed at 32 1/2. It was a gutsy move calling the low would be 32 3/8 since it was soo close already!!! I would like to know what program or formula you were using and how you knew to wait till that day to make the prediction when it was falling 2+ points every day for several days in a row??? In any event..nice call!! AGAIN!! Here is the quote from your previous post as a refresher to all those yelling 15 or 20!! <GG> "Volume sustainment probability is nearing a lesser than 5% chance of sustainment, which indicates that buying has now increased to sustain a potential support level of 32 3/8. Looking at the intra-day graph, you will notice a steady decline, untill the noon hour, where there is a stabilization, and a continued up and down wave pattern. This wave pattern equates to potential equalization of accumulation ratios. Plain english: We got a whole lot of accumulation going on !! By calculating the ratio/volume pattern after the noon level off, a better than 87% chance points to support above 32 3/8 holding..."

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