Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: Ben Tang who wrote (13461)	9/18/1997 8:44:00 PM
From: Chi-X	of 61433

From the Technical Analysis I've done, obviously it appears as if ASND is making a technical bounce. ASND looks like it may be in a trading range of $34 to $37 until any additional news is released to stimulate any further movement in either direction. In the mean time, with each passing day that 3Q warnings aren't released, the outlook continues to look bullish yet cautious. Any really positive news should make ASND fill the upside gap up at around $39-$40. Any negative news should send ASND down to test it's recent bottom of $32. Positive news that I can think of would include more contract announcements that ASND said they'd be getting in the last 2 weeks of September since it was supposedly "back end loaded". One wild card is the 3COM earnings next week which could take ASND and the rest of the networkers for a wild spin. There may be caution loading up on any of the networkers at that time. Cheers, Chi-X hath Spoken! Absolutely Princess Diana 1961-1997 members.aol.com

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