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: Peter Yang who wrote (45429)	4/27/1998 10:22:00 AM
From: devil ray	Read Replies (2) of 61433

Maybe today is the day to get in below 40. Or would it be better to wait and see if we get to the lower to mid 30's in a few days. It looks like the slaughter is on. Stocks are just beginning to plummet to new lows. My target for today is -250 on the dow and -65 on the nasdaq before a slight rebound. YES! Making a ton on shorts will cover soon! Then I'm off to the Alps. I may be a little conservative on my estimates but at that level we are short term oversold and I will be buying May calls when we hit those levels. We will probably see some short lived bounces on the way down as investors wrongly try to call the bottom. Eventually they will be right. Come on -250 and -65!!!!!

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