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

To: Sowbug who wrote (43984)	4/13/1998 11:56:00 AM
From: C E D	Respond to of 61433

To All, There was a lot of limit sell orders at 39 1/16 on Island gritch2.isld.com, this has thinned out and should indicate a move up, next resistance at 39 7/8, this will take only a few minutes. Ed

To: Sowbug who wrote (43984)	4/13/1998 11:59:00 AM
From: blankmind	Read Replies (2) \| Respond to of 61433

If somebody guaranteed me that a $39-$41 stock would be at $45 by the end of December 1998, I'd rate it a sell and put my money elsewhere. - sowbug why? if i was guaranteed 12.5%, for 7 1/2 month investment, i would take it. unfortunately, there is no guarantee so 12.5% does not appear to be much upside, especially when one views the chart, and sees that asnd has already had a major run so far this year. if the s&p and dow continue with their runs, this will underperform the market for the rest of the year. i bet we both assume 45 is not the upside for the rest of the year.