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

To: Tim Luke who wrote (40723)	3/24/1998 11:14:00 AM
From: Inga	Respond to of 61433

I did some TA on the price movement over the last 3 days. Asnd seems to repeat its price pattern during the run up from 31 to 38 in Jan-Feb. Since we have had two nice up days in a row (hopefully today close is above 34), tomorrow SHOULD be a down day, due to quick profit taking and COMS earning report (regardless of good or bad report). However, Asnd is definitely in an uptrend (higher highs, lower lows) and this time the run to 40 is probably much more robust (no earning warning, more upgrades, VoiceIP announcement possibly on 3/30). We may stumble a little on the way to 40 but hopefully before April options expiration (04/16). Nice holding at 34 so far, the run up to 35 this morning is probably just short covering. Just my 2 cents.