Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Analog Kid who wrote (13974)	9/26/1997 12:16:00 PM
From: Tony Dang	of 61433

Analog Kid, It looks like we're on the back side of the bounce. Volume is leveling off. Last couple of days, the closing has been no higher than the opening. I expect that if the next couple of days close no higher than the open, those that bought on the upside of the bounce and thought themselves as brilliant for catching the low will bail out as they see their short term holding losing money. ASND will then drop sharply. The opportunity to buy again at 32 may show itself. I may or may not buy at 32 because it could go 1 to 3 points lower than that before rising to a short term stabilzation range. Your buys at 40 and 37 should be okay for long term. At the current price there is more potential upside than downside. But this is a rational assessment. The market is not always rational in the short term. (May, June, July, August and in any month that has an "R" in it. --Samuel Clemens.) TD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next