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Technology Stocks : Ascend Communications (ASND)
ASND 196.46-5.1%1:21 PM EST
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To: Joseph Pareti who wrote (15328)10/2/1997 4:16:00 AM
From: Joseph Pareti   of 61433
 
Being a non-expert I would be tempted to draw conclusions
from the striking similarity of ASND and CAbletron.
On June 3, 1997 CS plummeted from $46 to $30 following
a warning they would have missed the quarter profit
expectation. Following that the stock has moved in
a trading range $30-33.
Even assuming ASND has bottomed out at $33 what is the
probability it will stay there for ages ?
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