Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 209.39

-0.9%

Dec 30 3:59 PM EST

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To: Andrew G. who wrote (208)	6/25/1996 6:01:00 PM
From: Matthew Shapiro	of 313

No manipulation, sure some big traders can beat the stock, but this speeds an existing move to where people will buy and stop selling. This is a big stock with lots of dealers and a tight spread. The market is bad right now, and Ascend will bounce around, until it delivers a surprise. Revenue had better be at least $130M. Everyone knows 3-Com has been eating dust. Meeting its earnings projections is a good sign. No one is cutting any stock any slack, so be patient. I wish I could feel like a wizard with respect to my last post and the Lucent deal, but Ascend has been doing biz with T for a while. That's why stock eventually joined decline. Matthew

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