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

To: Jan Crawley who wrote (35075)	2/16/1998 3:53:00 PM
From: joshi	Read Replies (3) \| Respond to of 61433

FYI. 3 Analyst on Investors Conf on CNBC just pasted 3COM stating over inventory and thought the stock would stagnate for a few more quarters.

To: Jan Crawley who wrote (35075)	2/16/1998 4:42:00 PM
From: Jurgen	Read Replies (1) \| Respond to of 61433

Hi Jan, the intermediate trend is up, that's the most important IMO. As long as ASND is trending, oversold/overbought indicators (relative strength, stochastics, williams% etc.) do not work very well. ASND has been short term overbought for several days now and we have not seen a significant pullback. The longterm trend is bearish for obvious reasons (for example the 200 day moving average is still falling), but a closer look at the chart might tell us that the downtrend is broken. I'm holding ASND since December with a protective stop at 28. From what i learned here, the prospects are pretty good. Maybe i'll become a longterm shareholder. But i will not ride it down to the low 20s. The trend is your friend :o) Jurgen