ASND - longterm investors with short term worries Message Board

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Technology Stocks : ASND - longterm investors with short term worries

ASND 201.60

-1.0%

Oct 31 9:30 AM EST

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To: minhaj hasan who wrote (5)	10/28/1997 7:35:00 PM
From: Alec Epting	of 67

Your assessment of the situation is exactly as I had understood it. The reason currency devaluation will have an effect is the cost of ASND's products will be more expensive since they are denominated in dollars. In addition, if the stock markets are crashing, companies will not be able to float secondaries to fund their capital investments instead of borrowing money from banks at exorbitant interest rates. Stock market turmoil also shakes confidence in the underlying economy which will cause consumers to reduce spending. Hence, there will not be as great a demand for remote access. BTW, I am long on the stock at 44 1/2. Also bought Jan 99 call LEAPs when the stock was at 46 (ouch). Will be looking to buy more LEAPs when the stock drops to low to mid 20's.

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