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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Daniel W. Koehler who wrote (33866)	2/7/1998 1:40:00 PM
From: Daniel W. Koehler	Read Replies (1) of 61433

Pete We've had 4 significant gaps since Dec 97. 12/5 on 30mm shs (lucent rumor); 1/5 on 13 mm and and a breakout above the 50-day MA and a breakout above the 50-day MA; 1/14 on 11mm shares and 2/5 on 13mm. Correction: Last week's gap broke thru resistance at 31-32 ; not the 50MA. We've been above the 50 day MA for a month now without retracement and we are coming up on options expiry in 2 weeks plus we've got bad sentiment in the news re: FellatioGate not to mention a certain Persian potentate. I think we should look for 35-36 early next week if CSCo is still strong and pulls us all up with it and then down to retest 32 going into options expiry. I'm probably gonna sell my Mar 30 calls this week and wait for a retracement before going long Jun 30's. Daniel

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