Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

3:59 PM EST

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To: Andie Wei-Ku Lin who wrote (18061)	10/17/1997 12:13:00 PM
From: Andrew White	of 61433

<<<Since today's action is based on rumor, and being capped in by options, we may see Ascend move higher next week if the rumor is either not denied or confirmed, since the options pressure will not longer be in place. Of course, if the rumor is denied, then we'll be back down. I covered part of my short Dec 30P and Jan 35P position. >>> Andie, I go with TA. Don't care to me what the news is or the market action overall. I look at ASND charts. It's bottomed. It's moving up. Very interesting action on charts. LU news is good of course, but charts is also getting good.

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