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Technology Stocks : Ascend Communications (ASND)
ASND 209.98+4.3%3:59 PM EST
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To: Glenn D. Rudolph who wrote (33774)2/6/1998 8:32:00 PM
From: Jeff Jordan  Read Replies (2) of 61433
 
The gains in ASND are getting harder and harder to justify
on a
fundamental basis.

Glenn, I totally agree ASND will not be near 40 by expiry. However, Its movement is a technical breakout. Based on the following fundamentals.

1. Asnd over sold to begin with.
2. income/growth/current contracts/visiblity
3. new product development/delivery

Jeff
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