Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 222.15

+2.2%

Feb 6 9:30 AM EST

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To: Steve Sucheck who wrote (3275)	6/1/1997 6:31:00 PM
From: Glenn D. Rudolph	of 61433

I think the stock will drift lower for the next 1.5 to 2 weeks. The moving average needs to catch up to the price. There's definately momentum in networking. What happens if we get seventy is that a sell (anyone)? Any thoughts on NN earnings out on Tuesday. Could influence the mood of the market. I believe there is too much momentum in the networkers now for ASND to drift too long. However, at 70, it is highly valued and I would sell. I will sell in the mid 60s. NN should show earnings meeting expectations but I believe the conference call about the next quarter will be very upbeat. I suspect it will be a plus for the networkers. Glenn

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