Page 179 - How to Make Money in Stocks Trilogy

86
A WINNING SYSTEM
Price
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Heavy volume withou further price decline is support is support pp Mar 1994 Ascend Communications increased 1384% in 75 weeks.
IPO 2.4 2.1 Volume up Volume up p p p e u 1.8 * n Earnings acceleration Earnings acceleration ra e a g g g n E 1.6 2/1 2/1 2/1 Volume t e d 8,000,000 5,000,000 3,000,000 1,800,000 Jun 1996 Mar 1996 Dec 1995 Sep 1995 Jun 1995 Mar 1995
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Dec 1993
Sep 1993
Jun 1993 Mar 1993
Ascend Communications–1994 Dec 1992 Sep 1992 Jun 1992
Price = 20*eps Weekly Chart 2.45 2.25 2.10 1.95 1.80 1.65 1.50 1.40 1.30 1.20 1.10 1.00 0.93 0.85 0.78 0.72 0.68 0.62 0.58 0.50 0.46 0.40 0.37 0.31 0.27 0.25 0.23 0.21 0.20 0.18 0.16 0.15 0