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


To: Dennis R. Duke who wrote (45988)5/4/1998 1:27:00 PM
From: Orhan Birol  Read Replies (1) | Respond to of 61433
 
Just wait and see what happens when we breach 44. Today? Tomorrow?
Good luck,
Orhan



To: Dennis R. Duke who wrote (45988)5/4/1998 1:28:00 PM
From: Souze  Read Replies (1) | Respond to of 61433
 
** OT - Sort of ...

Picked this up off the Market Gems SI thread:

biz.yahoo.com

Any guesses as to the identity of the networking company?



To: Dennis R. Duke who wrote (45988)5/4/1998 1:35:00 PM
From: gbh  Read Replies (1) | Respond to of 61433
 
Dennis, do you think we might be seeing a top here because we are fairly valued (maybe even over valued somewhat) based on analyst's current estimates? Perhaps until we get get an upgrade with a significant earnings revision up, we may be at a top? I don't see analysts going out on a limb without guidance. And I don't see management guidance because they don't want to go out on a limb. Catch 22.

What do you think? Trading range? That was the thread consensus a few weeks ago. We (not me, but others) were probably right.

Gary



To: Dennis R. Duke who wrote (45988)5/4/1998 3:11:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 61433
 
Yes, there is a double top resistances at $44. A move to $45 would break the double top resistance and could be interpreted as a buy signal (using Point & Figure charting).
Tom

Chartist? Are we seeing a lot of resistance at this level? Does it make technical sense to see $43.50 as a near term top for this stock? Why is it getting hammered down everytime it hits near $44 ($43 15/16 intraday high)?

Dennis