Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maverick who wrote (14440)	9/25/1997 9:17:00 PM
From: Randall Stern	of 61433

I think that's probably accurate Maverick! But, by coming out with this buy rec now (2wks b4 report) at a price of approx.37, they are saying they feel that a number as low as .28 is already priced into the stock! So, with an avg. est of .32 on the street, a .04 miss is o.k. w/them. Taking even the most pessimistic est of .24 (another .04 off) the stock probably at worst would retest the lows. Of course, .30 would cause a "relief" rally to the 40 area. But, whatever the number, we can all agree that betting against the future of this co. now is much more risky than going long (I mean the relationships they are chalking up lately) So, based on all that, the stock IS cheap at these levels, and ANY major selloffs from here should be SCOOP IT UP SOME MORE TIME!!!! IMO Good Luck To All!!!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next