Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.14

-0.1%

3:59 PM EST

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To: jeff conn who wrote (16544)	10/6/1997 6:38:00 PM
From: RICK SCHINZEL	of 61433

I have been scanning some other threads and it is my good feeling that as long as ASND did not blow their wad with these two recent contracts and book a portion in the third quarter that ASND will go higher after earnings are released and behind us. It, I believe, will be the general feeling of the shorts to cover just before earnings are released or just after. The upgrade on COMS today and the "good words" spoken about the future of the sector as a whole will lead people back into asnd as the others go higher. And as far as the stock being dead money for the rest of the year I have to respectfully disagree. Yes, it is dead money till after Thursday, and then everyone will be looking towards the next quarter and interest will be back in the stock. Watch and see. Those March 40 calls are getting cheaper every day!! I will probably pounce on them just prior to earnings if we drift any lower and sell them shortly after earnings if what i think is going to happen happens. My prediction is 38 by Friday's close and 42 by next Friday.

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