Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Finder who wrote (14823)	9/29/1997 10:30:00 AM
From: Randall Stern	of 61433

Finder, I must agree with you about managements "spin" control. (or tremendous lack thereof) But, I'm still a bit sceptical as to what is REALLY driving ASND down today. If you remember last week (before I ever saw the Barron's article) I said that Mon and Tues probably won't be great days for ASND. This was not based on any expected or unexpected news. It is pure TA. The fast and slow stochastics for ASND turned negative about a week ago. (check my posts, you'll see where I did an about-face) I feel at this time, ASND is just doing a typical retrace pattern. I also feel we are within a day or two (maybe 3) from another positive turn in the indicators. This time the stock should be able to get over 40. The timing of the earnings and the TA could be getting very interesting here. I'll keep you up-to-date, since TA changes everyday!!! Good Luck to All!!!

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