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: Glenn D. Rudolph who wrote (41745)	3/31/1998 8:39:00 PM
From: thebeach	Respond to of 61433

You see what I am talking about,35 is a thing of the past.

To: Glenn D. Rudolph who wrote (41745)	4/1/1998 9:13:00 AM
From: Jeffery E. Forrest	Read Replies (3) \| Respond to of 61433

Are you anticipating a run after re-testing 35? Yes. I am bullish LONG TERM, but we NEED to go test that gap in order to make a healthy chart. I really don't see a close under that gap, but an intraday probing.<G> Long term I like ASND. I think Unkie Mory is walking on eggshells and has to be particularly forthcoming and truthful after the last little fiasco his BS caused. I would think that he is minding his P's & Q's and will inform us when ASND so much as breaks wind rather than have anyone saying that he was misleading. He has a HUGE credibility gap that he needs to fix and we can use this fact to our advantage by knowing that it IS LIKELY that Mory can back up the BS this time around. That said, look at a chart for a moment. We had a run from 30 to almost 39 in a WEEK. Thats almost a 30% move. To expect MORE upward movement wihout a bit of a rest is "Ascend Folly". A move back to 35 would do several things. It would fill the gap. It would be an approx. 50% retracement which is healthy for a stock on a bull run. It would test the 200 and 20 Day MA's. A test of that area would strengthen things considerably in preparation for an assault on the $40-50 range