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Technology Stocks : Ascend (ASND) Traders
ASND 195.90-2.8%10:50 AM EST

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To: Carl R. who wrote (347)10/6/1997 2:17:00 PM
From: Thomas M.   of 369
 
The networking sector decline of the past few months appears to be over. CSCO has decisively broken its downtrend. COMS looks to be breaking its downtrend today. BAY, of course, is already in new high territory. ASND has been bumping up against its downtrend line for a while, and perhaps Thursday's conference will be the impetus for breaking it. A pickup in volume will tell us it is ready. I don't even want to say where the lower end of ASND's channel is; the number gives me an ulcer.

Tom
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