Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 208.27

-2.4%

12:40 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sector Investor who wrote (49942)	7/14/1998 9:17:00 PM
From: Darren	Read Replies (3) of 61433

What's your take on ASND's opening and closing price tomorrow? I haven't done any detailed research yet, but looking at ASND after the close, I expect some kind of gap up in the morning (very weak) and then a track back down to 47 where it will meet the 50ma. Crossed below the 10ma today, not good. Candlestick "doji" on Monday, not good. The upside will be no higher than 53 1/2. If you like to short stocks, this is the "resistance" line, or for a short the best price available. The down side could be all the way down to 46 3/16. I would expect some type of bounce off this "support." If it penetrates it, look for 41 1/4. So tomorrow, trade 1) Open to daily high (as high as 53 1/2 +/- 1/8, but may not get close) 2) short to 47. Case study might be HBOC. Blowout earnings Monday, and then down so "the big boys" can buy into this upward looking market. Last bounce off the 50ma was 6/2. A repeat of that at 46-47 would be a very positive sign...just my opinion. Don't trade off this unless you know what you are doing and feel comfortable trading ASND.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next