Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: vegetarian who wrote (7642)	7/30/1997 1:20:00 AM
From: Tony Wang	of 61433

Good analysis. I agree whole heartedly. This is a stock I think you can make your year with. Today's price action was dynamic. Plus this stock is among the top 15 stocks most shorted by Wall St. Which obviously means its in good technical shape on top of the good fundamental news released by the company. I think also the management is very savvy too. They bought Cascade when the networking sector was in rotational correction this spring. Cascade was $90 stock, they bought them when trading at 28. They got a good company real cheap,unlike some of the other acquisitions on Wall St. (ie ATT's purchase of NCR.) Stay long for the ride. Good hunting, 'Mandayka

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