Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 202.47

-4.5%

Dec 17 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ms. X who wrote (16791)	10/7/1997 11:49:00 PM
From: Jack Whitley	of 61433

<<The relative strength, how it has performed compared to the rest of the market has been in a downfall since March continuing its decline in September. Currently the monthly momentum is negative needing a cross of 54 to change to positive. The weekly momentum is also negative needing a cross of 40 to turn positive. One slight and I mean very slight, glimmer of hope is the daily momentum just turned positive at 31. A move to 39 would be the first buy signal but only for strong willed traders. A move to 29 would be the fourth consecutive sell signal. This stock is performing very weak in a sector that is performing quite strong. I would find others in this sector to put my money.>> Now the opposite end of the spectrum re investment basis, I met with our Lucent rep today (large accounts team)and asked him if Ascend was in decline, he started laughing. He advised that Ascend and Lucent are huge "partners" and that in the core switch market, Ascend will be huge. He said their biggest problem is ramping up to meet future demand. This stock is ravaged by very short-term and day traders. If you can hold for 6 months from here, this is a no brainer. jww

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next