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

To: Jack Colton who wrote (43757)	4/11/1998 11:41:00 AM
From: devil ray	Respond to of 61433

I heard earlier yesterday that asnd was upn about 16% in one of the asian exchanges at around 46.5.I am not sure if that is correct or not but it would be real nice.As for pure technical analysis, that is a crappy way to base your investment decision. It is useful as a guide after the fundamentals are taken into account. I work with a guy that trades futures and all he uses is technical analysis and he gets burned quite often. It looks like asnd is now going to put the 30's behind them after a few brief touches this week. You will now see a slower steadier climb as people start to put money in for the longer term. I am thinking of buying sep. calls along with 99 call leaps with the money with profits fron apr.40's (I hope).Longer term this stock should double within 6-8 months. Also I will play short term puts after a surge up and profit on the pullbacks and use that to buy more long term calls. It sounds fairly simple I hope it can work out that way.