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


To: The Phoenix who wrote (50907)7/31/1998 1:03:00 PM
From: Sonny  Respond to of 61433
 
200 day mv'g avg. is ~ $36 Gary ... and its just breaking-down its 50-day now with huge volume ... no matter how much I like/liked ASND, I must say, I should take-away my liking/loving for the stock for a while, and looking at it objectively, won't touch this baby again until $37.

In the long run, I have full confidence in Mory and his long term plans ... they always paid off big time so far ... and even though took a hit on ASND short term, looking at this as a pretty-cheap buyout of SRA at $45 or so ... it may be perceived later as a steal, imho!

regards to all,
-/Sonny.



To: The Phoenix who wrote (50907)7/31/1998 3:24:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 61433
 
Hi Gary,
Next support (Point & Figure) is $42. It is pretty strong support at that number.
Tom