Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: Ben Tang who wrote (13523)	9/19/1997 10:11:00 AM
From: Chi-X	of 61433

Ben Tang, hate to say I told you so but you didn't want to believe my analysis. I made my analysis based on a technical perspective and made projections in the case of news or without news. Why did you hope I wasn't shorting too many shares? Anyhow, your projections of a quick pop to $40 then a break to $43-44 seems a bit unreasonable based on technical analysis. Remember, ASND was trading at $43 BEFORE the 10 or more downgrades or downward revisions in the last 10 days. Why should it trade above this level after these downgrades? Before ASND's earnings, it would seem irrational for ASND to trade at $43 and above unless there was a takeover and/or ASND rides the DOW & Nasdaq to new highs. Re: techstocks.com Cheers, Chi-X hath Spoken! Absolutely Princess Diana 1961-1997 members.aol.com

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