Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Captain James T. Kirk who wrote (22403)	11/10/1997 5:29:00 PM
From: Chi-X	Read Replies (3) of 61433

More reasons why ASND is tanking (not covered by Scott): 1) No 56k standard established. ISP's fear buying modems that will be outdated when a true standard is released. 2) Go with CSCO or COMS; two companies that are more likely to be around 10 years from now with huge revenues that dwarf ASND. 3) Management warnings of poor growth next 2 quarters and finally 10% growth in last half of 98. 4) Around 10 or so downgrades last month. 5) Stock below 200/50/30 day moving averages. Not buy indicator. 6) Overhead resistance. For every uptick, lots of blood above trying to get out or less of a loss or break even. 7) ASND making new 2 year lows daily. Who wants to catch a falling kinfe? Cheers, Chi-X hath Spoken! "There shall be no bouncing, before its trouncing"

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