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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Tavros who wrote (20372)	11/1/1997 12:37:00 PM
From: MR	Respond to of 61433

I beg to disagree with you but IMO this is horse were betting on. Just like COMS, CSCO an the others.

To: Tavros who wrote (20372)	11/1/1997 12:57:00 PM
From: sean desch	Read Replies (1) \| Respond to of 61433

Tavros, Your friend told you what you need to know about this company (Note: Not about this stock). "ASND is a great company with tremendous technology particularly in the telecom switching sector - which in his view will be exploding in the next few years." Chart reading aside If you want to get in on a company thats is in a booming industry and not sure when is the "right" time to get in Dollar cost average into this downspin and make good money when the stock price eventually follows the fundamentals. Sean

To: Tavros who wrote (20372)	11/1/1997 2:09:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 61433

Tavros, It seems as if Style pts can give you a better fundamental look at Ascend. I look at the technicals which tells me when to buy and when to sell. Right now is not the time to buy Ascend based on technicals. Based on P&F analysis the stock created another sell signal when it reached a price of 26 as well as creating a new low. If the stock holds here and moves to 31, this would be the first P&F buy signal. (one buy signal would not convince me, I would wait for a positive trend, but that is me) However, the sector is still weak and Ascend itself has a weak relative strength. I did a vertical count which suggested with the current downside momentum (whether created by the market or Ascend) the stock could move below 20. Now, if the market changes its current mood and the sector reverses up, this may not happen but it is what is being told in the charts at this point. My suggestion is to wait for the market and sector to firm and for Ascend to show some sign of life. This will not get you in at the "bottom" but it will give you a better chance of success. If a fundamentalist tells you this is a solid stock to buy, wait for the technicals to confirm the buy-in point. Good Luck to you.