Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 207.82

-0.9%

10:34 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: giles who wrote (8602)	8/12/1997 12:08:00 PM
From: uu	of 61433

After following ASND for quite sometime I finally decided to buy today at around $46 and some change. I usually do not buy stocks whose price to sales ratio are more than 2, and ASND with a P/S of over 10, and a P/E of over 50 is a bit scary. However I think ASND is an exception because of two main reasons: 1. A lot of momentum players with extremely positive views of the company are in this stock. Thus liquidation, in addition to more upside surprises than downward surprises are the main characteristics of the stock. 2. The nice huge growth Ascend has had within the past year will turn into an even more and nicer explosive growth for the remainder of the year through 2000. This is mainly due to the growth networking sector will experience as a result of the thin client architecture computing model as advocated by Sun Microsystems and all its partners through Sun's Java technology. The volatility will definitly be there in a stock with a P/S of over 10, however I think the excitement and risk/rewards ratio is worth every second of this volatility! Regards, Addi Jamshidi

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next