Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.64

-2.0%

3:59 PM EST

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To: Tom Hays who wrote (9395)	8/20/1997 11:17:00 PM
From: giles	of 61433

If ASND makes 55 shortly, I feel it will then go down b/c I am certain that Cowen or UBS will just reiterate their "HOLD" advice and kill any rally as they have done time and time again for whatever reasons they may have. In fact, I have wondered if they discuss with each other who should issue the HOLD proclamation the next time around. I am patiently waiting for ML to counter loudly with a BUY or better a Strong Buy, but I feel they may wait for earnings release before issuing any upgrade.

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