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: thebeach who wrote (45535)	4/27/1998 9:21:00 PM
From: gbh	of 61433

From Briefing.com: an interesting observation. Brief: Networkers held up well given the lousy market tone... Only stocks to post declines of more than one point were Ascend (-1 9/16) and Cisco Systems (-1 1/2)... Recent winners such as FORE and Xircom also succumbed to light profit-taking. 3 Com represents a "safe haven" for investors should market continue to slide, as stock close to low end of 5-month trading range... Downside risk minimal as bad news reflected in price... To the contrary, at first sign that business conditions are improving stock likely to emerge from hibernation... In other words, now might be a good time for investors holding ASND (up 64.8% year to date) to roll into COMS... Upside breakout from trading range would leave stock well position for intermediate term test of mid- to upper-40s.

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