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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: Tim Luke who wrote (55433)10/7/1998 10:31:00 PM
From: James A. Venooker  Read Replies (3) of 61433
 
Dear Tim,

There is one hell of a gap between 50 and 70, wouldn't you agree?

Mory is stubborn, but not stupid. Tech shareholders are out for blood, so why should Mory sit on the hot seat when he can have a cushy better paying, less stressful, future with LU?

I think ASND's bottom is 34, it has shown key resistance at this price, and I believe it will continue to do so. All things considered, Nasdaq has virtually collapsed, correcting by as much as 25% of its high of 2000. .25 x 50 (ASND's price before hell broke loose) is 37.50, what a coincidence.

As we both agree ASND is strong long term, and maybe ripe short term.

regards,

Jamie
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