Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

Nov 19 3:59 PM EST

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To: mark alan rosenberg who wrote (21562)	11/6/1997 3:53:00 PM
From: uu	Read Replies (1) of 61433

ASND will be going down another 20% before stabilizing, in my opinion of course! This is based on the fact that the 20% stop loss sales start to kick in right now (from the previous resistance of $30/shr). And thanks to the so many momentum players that this stock has attracted for the past serveral years we will see a lot of 20% stop loss orders! Once at $24 we will go down to the next level which will be somewhere around $19.75-$20/shr. I wonder what happened to all the so called analysts upgrades of buy/strong buy,/i>, and I wonder if any insider is selling at these levels!!!!!!!!!! Regards, Addi Jamshidi

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