Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Stock Guru who wrote (12799)	9/15/1997 4:12:00 PM
From: Trina	of 61433

"Just got through loading up on ascend at 32.5. (i bought 5,500 shares) I know for a fact after more careful analysis that this stock won't hit the 20's at all. The lowest it can go is 31 (imo). I think everything is over and tomorrow will be a day of recovery. I thought the stock would hit 23.5 before. Not anymore! I'm expecting to see 45 again within 3 weeks. Talk about a fat return!" You must be out of your mind. Five reputed brockerage farms downgraded the stock last week and since then it's all downhill. Moreover, the next quarter will be in limbo! Did you really buy 5,500 shares? $45 in three weeks? It may well be $25. I got out at $38 (after $35k loss). I think it will stay around $30 for a while and then if ASND ever comes up with a good earning, it will start to move. CS, BAY, FORE, XYLN are good buys now.

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