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

To: Sure Thing who wrote (53977)	9/10/1998 10:17:00 AM
From: Tim Luke	Respond to of 61433

sure thing: keep an eye on what's going on in our markets and forget about asnd's chart. i thought for sure we were headed for a rally but it looks as though we may end up in a bear market.

To: Sure Thing who wrote (53977)	9/10/1998 10:20:00 AM
From: KM	Respond to of 61433

Yes, and they have been entirely predictable by TA. If you don't believe me, search an individual named Donald Sew here on SI and read his last 50 or so posts. However, I have been doing ASND charts too and don't see the extreme drop Tim is looking for. I'm thinking more like about 37.

To: Sure Thing who wrote (53977)	9/10/1998 10:31:00 AM
From: JH	Read Replies (1) \| Respond to of 61433

Agree that TA has less of a predictive value given the volatility. However, it's useful to project possible targets for establishing entry + exit levels. TA with ASND tells me that we're in no-man's-land. Risk averse potential buyers should not start averaging down until we go below $35. Selling naked puts when we dive down there may be a good idea since imp.vol. ought to rise under those circumstances. Shorting Oct35puts at above $4-1/4 should be a good trade (they peaked at $5-1/4 on Sept. 1st) - I would love to own ASND at a cost of $30-3/4! Today's longs can exit if (and when) gap is filled at $42. That's all.