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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: Darren who wrote (50199)7/20/1998 1:29:00 AM
From: Darren  Read Replies (2) of 61433
 
Darren's No-Brainer For Monday:
Buy CSCO 95 7/8 or whenever you think it has bottomed for the day (sometime between 9:30a-10:00a). Sell before 12:30p. If you like risk, hold until close or overnight. In this case, your chance for a profitable trade supposedly decreases by 50% after 12:00p...

Good for at least 1 stick, maybe 3.

Why is this a no-brainer? Two month high, near 100 (sentimental barrier), ADX > 50. It's a breakout. Most people will be buying at 100. You can front-run them if you see a gap up or if you are fearless.

What is the potential fly in the ointment? Greenspan speaks Tuesday, but I'd take my chances.
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