Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: getgo234 who wrote (35429)	2/19/1998 3:42:00 PM
From: FUZFO	Read Replies (1) of 61433

Getgo234, THose are good reasons to believe asnd goes up $2 or 3 from here, but there are a few reasons to go back down 2 or 3 also. I am also torn for my trading stock I purchased Mon at 34 3/4. Looking back at the last $10 move up I have been long all the way with my mother load but trading 1k shares in and out as I see fit. I realized that I was only actually "in" on about $6 out of the last $10 move up. The moral of the story.... in this case the trend is my friend and being in/out of asnd and trying to time it may be more dissapointing than staying in and riding out the little pullbacks here and there. Looking at bid/ask volumes at and above 35 it looks like the MM difficulties are with keeping it below 35, every time it goes above they put a great quantity up for sale, normally this would bring the price down and keep it going down but in this case the extra shares are absorbed and price flutters at or near 35. I think I will also hold for next week with all my shares. (hope i dont regret it) Fuzfo

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