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

To: Peter Yang who wrote (40446)3/21/1998 3:32:00 AM
From: FrankInNYC  Respond to of 61433
 
There was a TECHNICAL analyst on CNBC this afternoon who I believe (from reading posts here about him), gave ASND a buy. Am I wrong? I really just look at today's drop, along with other star techs like Dell, as just profit-taking or selling into very low volume. Nearly 2 mil. shares below 30-day vol. avg. Peter, don't scare me into making a hasty sell. I think the fundamentals say ASND is pretty cheap even at 35.



To: Peter Yang who wrote (40446)3/21/1998 11:23:00 AM
From: HMB Mikee  Read Replies (2) | Respond to of 61433
 
Peter, your "2nd opinion" is outdated.
Current 2nd Opinion analysis on ASND (03/23/98) indicates stock is under accumulation not distribution, and score is a minus 1 or mildly deteriorating condition, not a minus three (strongly deteriorating). They also note that stochastics indicates an Oversold condition. ... just wanted to set the record straight.
Mike


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