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

To: Wesley Zega who wrote (21817)	11/7/1997 12:09:00 PM
From: mark alan rosenberg	Read Replies (3) \| Respond to of 61433

See, what I think has been happening is that a lot of players are taking margin hits, even today. The volume on the stock is relatively low, so most of today's action is retail investors taking their hit. I think that some day $37 will look cheap on this stock. Of course, we need to worry about the technicals and Monday, Tuesday, etc. I personally think the this stock will point its ugly head slightly over $25. Once the institutions want back in, it will explode, but when? I personally have been in this position, myself, and it is not easy. My first gut reaction is hang in there, if you can. Watch the ticks closely today, and hopefully, everything will be OK. If the stock retests 23 1/2 and can't blip back in 10 minutes, then, I might be prone to pull the trigger. Mark