Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 3:59 PM EST

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To: Rusty who wrote (16120)	10/2/1997 2:51:00 PM
From: vegetarian	of 61433

>>I don't ever remember this tight of a trading range for the day; <3/4 I think the stock is trading quite strangely neither going up or down to any significant extent. I closed all my ASND positions and will not consider buying or selling for a while until all the clouds are cleared up after earnings and the stock stabilizes. It's trend is now unclear for trading although I think it may rally a bit up and then go down below its support at 32 and 30 in the next month to establish a steady level. However, it is known to do counter-intuitive things and I did not want to get trapped if it did. Good luck to all longs and shorts, hope you make a lot of money with ASND at big boy's expense and not at each other's.

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