Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.66

+0.4%

2:53 PM EST

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To: Gary Korn who wrote (27996)	12/16/1997 12:25:00 PM
From: jeff wheatley	Read Replies (1) of 61433

Hi Gary, Low volume indicates the absence of impetus to go one way or another. Would be buyers hesitate in case the quarter holds some unpleasant suprise afterall, the CFO's statements notwithstanding, and because of general tech performance lately. Would be sellers suspect a positive quarter in the making, release of upgrades and a bullish chart. Those rumors are also in the back of their minds. Both also wait for the price to approach resistance or support levels before taking the appropriate action. The price is in the middle now. On the chart the rise in price on stong volume and fallback on light volume is quite bullish. Looks like a bull penant or flag in the making....................jeff

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