Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.01

-1.6%

3:10 PM EST

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To: Peter Yang who wrote (40408)	3/20/1998 6:00:00 PM
From: Williams	Read Replies (1) of 61433

Hi All, I watched this sucker from the sidelines for most of the day, but around 3:45, I went short and covered at the close for a few dollars. This market has me very nervous. The DOW keeps shooting up and the NASDAQ is flat, to down. Companies are preannouncing and analysts are lowering their estimates. Valuations are out of whack, etc. I'm looking for a down market next week to let off some steam. ASND has been great for day trading and most of my trades will be on the short side. I'm long for the long term, but short next week. I think we will flirt with the upper 20's.

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