Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

3:59 PM EST

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To: werefrog who wrote (13256)	9/17/1997 2:33:00 PM
From: Mr. Aloha	of 61433

I agree that selling on downgrades makes total sense. We can't fight the momentum of selling pressure. However, looking at the decrease in ASND, it's becomming a bargain buy and everyone is basically saying the same now. The news is in the stock and anything positive will move it up some. What could be negative now? More downgrades? I just can't see this thing EVER selling in the $20's. They're TOO MANY investors DYING to buy ASND at that level. I didn't buy it in the $40 or $50 because it was trading on momentum. I'm in it now because of the SPIKE odds and bargain buy. Aloha

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