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


To: username who wrote (45599)4/28/1998 4:49:00 PM
From: gbh  Read Replies (1) | Respond to of 61433
 
Pete, thanks. I trusted my gut today and did some buying a little over 40. Looks good now, but we'll see tomorrow. It looks like if I want my full position back, I will have to pay up. I sold the other day at 40 13/16, and have been patiently waiting for moves under that (ok, nervously waiting). Got half my position back a little below there, and a small scalp to boot. But unless we head down there again, in total it will have been a losing proposition for me.

Me thinks the fire sale may be over for awhile. What do you think? Do 38 or 39 look still show up on the charts? We have not breached 40 in some nasty market downdrafts the last couple days. My "gut" says thats very bullish.