Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

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To: Chi-X who wrote (13471)	9/19/1997 1:17:00 AM
From: Ben Tang	of 61433

Chi-X, It seems to me that ASND is having a strong reversal. With a closing above 36 tomorrow, which is more than likely given the huge short positions and put open interests, we should test 40 and if we breaks through it, we will go to 43-44, otherwise back to the support of 36 and wait for news and earnings. I just can't imagine your trading range. Look back at its chart, you can see that when ASND has such strong reveral it typically bounces back at least 10 points from its low. Thus, 43-44 might be the next quick target. If you are I hope you are not shorting too many shares. Ben

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