Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: Pullin-GS who wrote (12540)	9/15/1997 10:50:00 AM
From: jeff wheatley	of 61433

< How does support at 28 sound? > It's one I'm also looking at. 27-28 appears to lie along the bottom of the wide channel using the trendline down from the all time high and a parallel line drawn from the 36.125 April low. It also seems like a very good price based on fundamentals and growth. The FC estimates from Friday, which presumably incorporate the lower estimates from last week, show a change in 98e/97e from 1.39 to 1.36; individual changes show 1.46 to 1.40 (JPM) and 1.41 to 1.37 (SB), among others. Last spring everyone seemed to be talking about a slowing in the sector. Maybe this is part of it. The uncertainty is having its effect. I think this will be a case of buy on news, good or bad.

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