Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.43

-0.2%

Dec 23 3:59 PM EST

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To: James who wrote (8592)	8/12/1997 10:56:00 AM
From: Dr. Doktor	of 61433

<<Don't be fooled by a short term rebound. This thing is far from over yet. The selling pressure will either start as early as this afternoon or tomorrow. Take care and good luck.>> Are you able to give a reason for your prediction? Seems to me that yesterday was basically panic selling (shoot first, ask questions later). Management feels comfortable with the original estimates for the quarter and many analysts, including Merrill Lynch's Joseph Bellace have discussed the price weakness. Seems the streets fears have been largely put to rest as can be seen by the current quote. I have to admit, I sold my sept calls at a small loss yesterday and even played the downside with some puts for a small gain. But it looks like clear sailing from here. Back into the Sept. calls. Regards, Doktor

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