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Technology Stocks : Ascend Communications (ASND)
ASND 200.78-0.7%1:37 PM EST

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To: djane who wrote (50978)7/31/1998 2:54:00 PM
From: Joseph Colombo  Read Replies (3) of 61433
 
djane,
This is a pretty good sell off.

9:30am most of us thought that ASND's fundamentals looked good going forward.
That hasn't changed at all.

Now 12% down, and 5+ hours later the fundamentals are still good.

Even if the acquisition is going to happen, IMO the damage is done.

It looks like a good buy to me.

I say buy December calls. A few $$ will get you 5 months & the possible LU thing.

Just my opinion.

Joe
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