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

To: Darren who wrote (49949)	7/14/1998 9:47:00 PM
From: Drake	Respond to of 61433

Darren, please look at my post #1500 on the "news only" thread, before you do any "shorting". All the best, always, Drake

To: Darren who wrote (49949)	7/14/1998 9:50:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

I haven't done any detailed research yet, Geez, the rest of your post looks pretty detailed to me. :-) The down side could be all the way down to 46 3/16. I would expect some type of bounce off this "support." We hit this ever so briefly on 7/1, only to rocket back to 48. With solid earnings and forward guidance, its hard to envision a replay of that event. If it penetrates it, look for 41 1/4. I can't imagine any fund manager waiting this long to buy, and buy big. Sorry, just can't see it. Gary

To: Darren who wrote (49949)	7/15/1998 7:25:00 PM
From: Darren	Read Replies (2) \| Respond to of 61433

I haven't done any detailed research yet, but looking at ASND after the close, I expect some kind of gap up in the morning (very weak) and then a track back down to 47 where it will meet the 50ma. Crossed below the 10ma today, not good. Candlestick "doji" on Monday, not good. The upside will be no higher than 53 1/2. If you like to short stocks, this is the "resistance" line, or for a short the best price available. The down side could be all the way down to 46 3/16. I would expect some type of bounce off this "support." How'd I do?