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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: Jeff Mills who wrote (14920)9/29/1997 5:51:00 PM
From: Xpiderman   of 61433
 
I would short ASND if it opens anywhere above $21. Once the $32 level is broken, which is very likely, there in NO significent support between $21-21 and $32.

We will see more downgrade and earning estimate cutting in the next few days, and the reduced growth will also cause ASND's P/E shirking. ANSD is not a cheap stock even at today's level.

Good trading,

Xy
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