Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Bernard Gauthier who wrote (27131)	12/9/1997 8:49:00 AM
From: Sector Investor	of 61433

<<OFF TOPIC: ORCL pre market: 24 1/2 ask down 8 $>> From my Merrill Lynch survey post on News Only: "Among the 122 outfits that responded to Merrill's poll, the top strategy was buying stocks of companies that had just delivered higher than expected earnings and selling those whose earnings had fallen short. On Wall Street, these occurences are known as "earnings surprises." As the accompanying table shows, this strategy played a role in the stock selection of 54% of the institutions. The conceit behind the "earnings-surprise" approach is that winners are likely to keep on delivering, while companies whose profits fall short of Wall Street expectations will continue to have trouble. The popularity of this strategy goes a long way toward explaining why stocks get so severely punished after failing to meet expectations." We can sure see that in action on the ORCL move. However, a plus earnings surprise from ASND in January should be boosted by this - let's hope we see it.

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