Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg h2o who wrote (37062)	3/2/1998 11:54:00 AM
From: Jurgen	Read Replies (2) of 61433

ref: "tea-leave" reading I'm reading the tea-leaves, here's what they tell me: Everything is just fine... ASND has been going up for 2 month now. During this time we had two small corrections (overbought) 1/8/98-1/12/98 from 28.18-25.00 intraday 1/20/98-1/27/98 from 31-27.75 intraday Right now, it's again overbought, a correction to 35 or so is possible and would not scare me. Hey, that's called trading. The intermediate trend is intact. The range for the week is ~ 34.2-40 Money is flowing into ASND. More stock is bought on an up day than sold on a down day. The flow turned positive 5/12/98 when we had the nice buyout rumor. It has never been negative again (in terms of OBV and average OBV). That was confirmed by the block-buying Gary reported. The 200 day MA is currently at 37.06, still falling. The line is important, but don't expect too much. Many investors wait for confirmation or look at weekly charts. Anyway, the MA is calculated on closing prices. Maybe we can get 37 1/8 or so for today. ASND is in play ! I will sell at 48 or 34, whatever comes first :o) Good luck ! Jrgen

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next