Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: gbh who wrote (42680)	4/7/1998 4:21:00 PM
From: Jeffery E. Forrest	Read Replies (2) of 61433

Gary. Today mighta done it. I was really looking for that gap to be tested as you know, but it was a pretty strong reversal and may have been the last gasp shake out that I was expecting. If this rumor of news is not immediately forthcoming or it is some kinda BS news (a rehash, etc.)than I would still expect further selling. Any decent news will make this thing go on a run. I get a real kick out of watching this thread. ASND is VERY strong right now, but the first little shake we got and you'd think the world was ending. The fact of the matter is that ASND is longterm bullish and genuinely good news will propel it upward. A retracement from 39 after a 30% move was expected and should have been nothing to worry about. If I am right, the next move should take out 40 and go to the next level of resistance. If it was anything BUT a gap there, I would be quicker to say YES this definitely was a reversal, yadadayadada, but gaps are so strong that I'll withold judgement for now until I can see an end of day chart. I gotta download my data. I'll get back to you. Closing the day with a bang as it did sure does indicate that someone knows something.

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