Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.36

-3.3%

Dec 15 3:59 PM EST

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To: john p. carney who wrote (15578)	9/30/1997 1:11:00 PM
From: vegetarian	of 61433

Many of those buying are covering shorts, others are traders buying for a few points, and then some who beleive that everything is fantastic from here and ASND is greatly undervalued now. All the buying from 30 up today will become significant resistance in the future that will need to be broken when it starts back up after a few quarters assuming it does well. For those who beleive that everything is straight up from here should only look up at COMS chart to see how it traded in Feb 97 (short rally after dip to 39 or so and then down from there. Another thing I find cute is that it does not occur for a second to some of the bulls that the fundamentals of the company could possibly be changing longer term looking at the releases that we have seen (some of course would not be able to clearly state what fundamentals are when they refer to them). Good luck to all the buyers here.

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