Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: Finder who wrote (4003)	6/11/1997 11:46:00 AM
From: vegetarian	of 61433

I think the company's officer Bernie Schneider has already made a statement a few days back and there is nothing more for them to say because they don't know how the Q is going to end. The company will of course not speculate because that is not their business. It seems that you may be hoping that if the company issues a statement the drop will stop and the things will be up again. I doubt that because ASND is heavily institution owned and individuals do not affect anything much about the price. We have already seen how institutions act in a herd and there is really nothing to do until they are done selling. Since we can't catch bottoms, if someone HAS to buy before selling is over a good heuristic buy point would be based on the last low which is at 36 1/8 (using a buy stop of 36 1/4), that is not to say that the price will not drop further but it is better than buying now. Of course do your research diligently.

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