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Technology Stocks : Ascend Communications (ASND)
ASND 211.05-0.7%Dec 1 3:59 PM EST

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To: Mark Duper who wrote (55454)10/7/1998 3:54:00 PM
From: Mark Duper  Read Replies (1) of 61433
 
Just talked with Darren, his view:

Looking for 920 or 860 on the S&P -- I haven't calculated it to Nasdaq but just eyeing it to 1330? Then a good rally of 38%, 50% or 62% and then the bigger fall which could take us to 4500 on the Dow! I would liquidate anything you
can in the next rise. You'll be able to buy lower sometime early next year.

People are getting killed right now. That's good. When people get hurt, declines are usually deep enough...we're almost to the bottom.

ASND: Buy below 32 1/2. Short until then.
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