Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.10

+0.1%

1:24 PM EST

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To: Billy Dunn who wrote ()	1/13/1997 7:09:00 PM
From: A. Fineigler	of 61433

ASND zoomed up in the last hour again to finish higher up for the day after trading down most of the day. Very little volume in that last hour. Makes you wonder if the MM's are trying to raise the prices for a couple more rounds of selling high before the earnings are announced. There were quite a few large blocks traded throughout the day around the 67 mark, but I don't know in what direction. (Acc. or distribution) A long-time fan of ASND, I finally sold out of all positions today in the end-of-day rally. Too nervous about the downside if their earnings aren't sig. above estimates. Their PE, PS and other valuation yardsticks are just so high in the face of declining (although still very strong) margins. Good luck to those who are still long. AF

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