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


To: W. Clinton Terry who wrote (28756)12/28/1997 9:15:00 PM
From: scott maragioglio  Read Replies (1) | Respond to of 61433
 
Clinton,
You better take a look at that chart, it looks SH*TTY. I would look for a bear flag here maybe. Chart looks like a short trade off a flag, but I don't see a bad fundamental situation to go w/ it. Looks like a good one to watch from a distance.



To: W. Clinton Terry who wrote (28756)12/28/1997 9:41:00 PM
From: username  Read Replies (2) | Respond to of 61433
 
Clinton/Sonki, OT maybe I'm not looking at the same chart you are, but MSFT don't look so good to me right now. I'd rather wait and see where that down spike is gonna take it...say another week or two...unless you are day trading it or feel a piercing of the Bollinger Band is a buy signal right now. Fund managers can be wrong, and for every buyer there is a seller...

Sonki, a good book to read for charting targets is "The New Science of Technical Analysis" by DeMark. And is your dad figuring the breakeven as if the stock doesn't hit his strike until 99? (I think he will be happy in any case..)
pete