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Technology Stocks : Ascend Communications (ASND)
ASND 208.57+4.1%3:59 PM EST

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To: Peter Caradonna who wrote (3994)6/11/1997 11:35:00 AM
From: Scott   of 61433
 
On earnings...CSCC has a stronger chance of missinf est..then ASND..but both are back end loaded...This is the first time ASND will/has trouble meeting estimates...Also their will be more revisions because of the delusion with the merger...Because of the risk associated with the earnings announcment most anlsts will adivse 1. Not to buy into the weakness 2. Wait tell after the earnings announcment 3. Sell now and buy back later...When no one will step up any buy..and we have continued weakness this stock will go down...If you want out there schould be a bounce soon..becuase of short covering..possibly had a small one this morning then continued weakness into the earnings announcment..Don't ecpect any help from the company...sit back fasten your seat belt..and hold on...it should be a continued wild ride..
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