Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: H. Wai who wrote (49275)	6/25/1998 5:13:00 PM
From: gbh	of 61433

Probably, he downgraded ASND so that his clients could buy it H.Wai, more likely, his clients were advised he would downgrade 1 or 2 days before he actually did, so they could sell if they chose to. I have never believed analysts downgrade to get clients in, and upgrade to get get clients out, although many believe this to be the case. Also, Al Tobia has a decent track record, from what I can gather. It seems that many Ascend investors have already got out of this stock and many of the contributors to this thread are not so enthusiastic about ASND as they once were. Do you think so? Every investor must make his/her own decisions. If the stock has reached your goals then you should sell it. I think its obvious, from the dramatic reduction in posting on this thread that many have left, probably because they have sold. But its impossible to say for sure. What do you think of the recent DT GX550 contract? Is it an important deal for Ascend? Yes. I wish their press releases would go into more detail though. I also think the Williams/Pirelli deal is very significant. The question now is earnings. My feeling is that earnings will have to exceed estimates for the stock to remain at current levels. A significant upside surprise will be needed to move the stock to the 52-55 range. Gary

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