Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 219.63

-2.1%

Feb 4 3:59 PM EST

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To: djane who wrote (49753)	7/13/1998 10:33:00 PM
From: JR	Read Replies (1) of 61433

ASND price objective $68.00 WALL STREET TRADERS COLUMN - Harry Aloof 07-13-1998 DR. JOHN FAESSEL ON THE MARKET MARKET Strength of technicals will keep the indexes bias positive over next couple of weeks. Japan Political change an added ingredient to their regions fix cocktail of aid, loans & rhetoric to Keep it all afloat. Psychology of healing & regaining confidence in the context of time the Unfortunate reality of the bear. Bottom line USA to hugely benefit, cherry pick the world, Long jump market shore & increase influence. Call for best small cap ideas of 3Q. LONGS ASYP, ASND, VERA, DBSS, TACO 07-13-1998 WALL STREET TRADERS COLUMN - Harry Aloof ASND From a low of $41 1\4 on 6\1 prices rallied, reaching a high of $51.81 on 6\18. A decline saw prices pullback, reaching a low of $46.19 on 7\1. Another rally saw prices move up near resis line "A" closing Friday at $53 5\8. Technicals: MTM: A buy alert was given on 7\8 when the solid line crossed the dotted line to the upside. Support: Remains at $47 1\2. Resis: Is at $55. Point & Figure: Reversed to the upside on 7\6. Buy at $53 3/4 stop, use a protective stop of $50 1\2, price objective $68.00

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