Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Lee Martin who wrote (28457)	12/20/1997 5:40:00 PM
From: Sector Investor	of 61433

<<IMHO ASND will move higher because the price is cheap and it's fundamentals are improving, while most other stocks are expensive and their fundamentals are deteriorating.>> I fully agree. This makes perfect sense. Unfortunately, all the lemmings move as one, say the same words, etc. - but don't really SEE. Perception is their reality (maybe that's all reality is?) and until perception changes (4Q earnings, CC or major new contract), they will keep spouting the same old BS. Fortunately some on SI do THEIR OWN research and have the confidence to make up their own minds. Most of my decisions this year have been right on, except for ASND and MRVC. MRVC is strictly down on Asia - fundamentals keep getting better every quarter, so the only thing to do is wait this out (well not the ONLY thing - I did buy Mar $22.5 calls when it hit it's low of $21.) ASND is more complicated and in addition to Asia involves technical issues with 56K and TNT that noone on the thread could have clearly forseen, followed by this management lack of trust thing. The market is like a pendulum that never comes to rest - it always overreacts one way or another. Right now the pendulum is all the way left, but starting to swing back and will of course overshoot (can't wait).

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