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: yard_man who wrote (19255)	10/27/1997 6:20:00 PM
From: Andreas Wappelt	Read Replies (1) of 61433

Just read some news which I cannot believe: "Cisco AS5300 Outperforms Ascend MAX TNT in Independent Tests" At least something to laugh for today. For details look "ASND news only". I bailed out today, might be a mistake, but after this heavy selling today, ASND broke it's latest support range of 30 - 32. Now it's in the high twenties and if HK and Latin America doesn't recover tomorrow, I don't think that we have seen the end of selling pressure. ASND's P/E of 32 worries me in times of correction. What's the opinion out there? I hope to get in between 26 and 28. If it rises again, I might miss some points, but my sleep will be very relaxed the next few days. Happy bargain hunting! Andy

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