Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 224.22

+1.0%

Feb 10 3:59 PM EST

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To: Tom Hays who wrote (6436)	7/10/1997 10:43:00 PM
From: J.C. Group	of 61433

Thom and all ASND holders - You've got room to play, but I'd get out Wenesday before the close, the day earnings are released. You are right that if it closes above 49, there will be more upward movement early next week. But it will be 52 or less. It will test this resistance level and back off slightly until earnings. You can buy back thursday morning under 50 and ride it up to 60 over the next few weeks. Asnd will meet earnings, but will not beat the whisper estimates. The stock will retrace the lastest runup and profit takers will sell. Intel reports the same day after the close. If you want to endure that rollercoaster, stay in, but if you want to take home some cash. ..Sell and buy back in for less. If you have any doubts, look at other industry results, CISCO and COMS. There are a lot of people emotionally attached to this company. It's a great company with a better synergy, ie ASND/CSCC than COMS/USRX , but be more attached to your money. You can always buy back!!! I apologize for the sermon, but I'd rather see everyone making money!!! Someone once told me "You never go broke by taking a profit . . . whatever amount!!" Good luck to all! J.C. Group

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