Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.50

+1.5%

12:59 PM EST

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To: Jack Whitley who wrote (16795)	10/8/1997 12:13:00 AM
From: Ms. X	of 61433

It may be true that in the future Ascend will rise to the occasion and be a solid performer again. I'm sure the company isn't in any threat of going belly up. The point is when to buy a stock for the best possible return and when to sell. The first sign of trouble was when the stock declined to 48 It then gave consecutive sell signals at 46, 43 and 32. If it gives another sell signal at 29 I wouldn't try and guess the bottom. Better to wait for a buy signal to make sure your investment has some chance of success. Currently it has resistance at 38 and I would like to see it move to 39. It doesn't matter how many people like the stock, what matters is how the stock reacts to supply and demand. Right now, supply has taken over. No point buying the stock if it is a decline. When it shapes up, then buy in. It will in time, I promise. :-)

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