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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: James A. Venooker who wrote (20323)10/31/1997 11:49:00 PM
From: Ms. X  Read Replies (2) of 61433
 
Positive feedback is fine if there is something positive to say. Our friend Edward was very astute in his analysis which was confirmed by my own calculations as well as one other. I do not wish any ill-will towards any investor and personally don't care which stock we are talking about. I look at technicals. My only advice is to be careful. If you are long term, hold on. If you are looking to buy Ascend, wait until it firms up. This stock could very well dip below 20 especially since it has been underperforming since mid-August and considering the sector it lies in is headed downward. My advice is to wait until the sector firms up and Ascend starts to look strong. Don't try to predict the bottom.
Here is the good news:
The sector is below a 30% level (was above 60% last week), if it reverses up at these low levels it provides a great opportunity for the stocks in that sector. If at that time Ascend has created a base and gives a buy signal, then give it a go. Right now I wouldn't bet any of your favorite beer. Hold on to it for a couple of months so you can toast the markets turnaround and your new found millions. This is constructive criticism, we aren't trying to be intentionally mean. I'm sure Edward was trying to be helpful as well.
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