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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST

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To: gbh who wrote (47942)6/3/1998 11:29:00 AM
From: Darren  Read Replies (1) of 61433
 
Darren, what do you make of the tech rally yesterday and today? Dead cat, or the real deal? Did you buy that DELL, INTC or ASND you've been coveting yet?

I definitely think it's a DeadCatBounce, especially after seeing the open today. Still waiting for the pullback, and the bounce was so weak that we may actually pull back below the support that was just created. I'm looking to make a decision before June 11. The fact that S&P Futures are staying below 1100 is keeping me on the sidelines...I want to believe we are at the high for the next low. Then we go through, up, up, and away.

DELL: I doubt we'll see 79 again, but maybe 83.
INTC: Should get below 70 again.
ASND: Looks like a big wallflower. Not touching it long until there is some hint of earnings. Not touching it short because there is not enough down side.
CSCO: Begging for 75.
COMS: No idea. Is this company that bad?
PAIR: <rough, rough>
XLNX: Looks awesome at 36.
TLAB, CIEN: Just jumped off my list. Rumor-News Theory.
ORCL: Sweet at 22.
PSFT: If it gets to 40, bet the farm.
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