Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Daniel W. Koehler who wrote (33866)	2/7/1998 1:40:00 PM
From: Daniel W. Koehler	Read Replies (1) \| Respond to of 61433

Pete We've had 4 significant gaps since Dec 97. 12/5 on 30mm shs (lucent rumor); 1/5 on 13 mm and and a breakout above the 50-day MA and a breakout above the 50-day MA; 1/14 on 11mm shares and 2/5 on 13mm. Correction: Last week's gap broke thru resistance at 31-32 ; not the 50MA. We've been above the 50 day MA for a month now without retracement and we are coming up on options expiry in 2 weeks plus we've got bad sentiment in the news re: FellatioGate not to mention a certain Persian potentate. I think we should look for 35-36 early next week if CSCo is still strong and pulls us all up with it and then down to retest 32 going into options expiry. I'm probably gonna sell my Mar 30 calls this week and wait for a retracement before going long Jun 30's. Daniel

To: Daniel W. Koehler who wrote (33866)	2/7/1998 1:40:00 PM
From: username	Read Replies (1) \| Respond to of 61433

Hi Dan, yes thanks for the reminder on the gaps. I left my book at work and I don't like to quote it unless I'm looking at it. ASND has given us so many great buying opportunities in the last 6 weeks, I am hoping that I'll get another one or two before it gets to 38. The June 40 calls are going for around 2 bucks right now, and if I sold them at 3 or 4, my return on call would be about 80%, plus I can buy them back if the stock dips between now and then. I'm watching that. (Glenn, I can't do naked puts in my account.) I've got my own plan on CSCO which you will find on the Sequential (c) thread. Maverick made a very astute comment about the price of ASND yesterday evening in case you missed it. Also, I believe that a discussion from the people who have held ASND over 6 months would be extremely enlightening. There is a "mental" factor here, people who gave up and now are looking to GTFO as soon as they can, people who are not as discouraged, but wouldn't mind getting out with a small profit and moving to something with less psychic scars, people who have held it so long that they have given up trying to figure out what the durned stock is going to do, etc. There are a lot of people that could contribute to that, and I think it would give us all some greater insight into potential resistance levels. (Trying to guess what's going to happen when the market is open is harder than making up one's mind on Saturday or Sunday, IMHO.) You have the same thing in mind for next week that I do. Would it be too much to ask you to figure the weekly (not daily) range per DeMark and post it sometime this weekend? Yeah, I saw that thing on TLC. Most people don't know the difference between A.Z.s and K.Z.s. I got all mine at music stores back in the 60s. I got a 26" ride, (these are the ones that all the school bands had back then), for 20 bucks at one of those stores, the owner had no idea what it was. My favorites are a set of matched 12" hi-hats that ring for about 15 minutes. The trombone was a piece of sh** that we wasted in a video along with a bunch of other stuff, it was really really funny so no big loss, they still make trombones. I don't even think I could remember how to read sheet music at this point anyway. :o) pete