Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 218.32

-2.6%

12:21 PM EST

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To: kevin bennett who wrote (6569)	7/14/1997 8:02:00 PM
From: J.C. Group	of 61433

Kevin - I can't argue with that. Goldman's placing asnd on their recomended list one day before earnings looks suspicious. Do they really know something nobody else does??? Or is this another firm upgrading their position on asnd to get their clients out who bought in @ 45-47 last week before earnings. It's hard to believe the later is the case one day before a earnings release. It's not just noise, because they are probably sure that the cc will be very positive, more than just an earnings surprise. I guess we will have to wait and see. Today I sold 3000 shares that I bought at 46; however, I bought back in 1k shares before close. If there's another 2-3 point move tomorrow, I'll sell out. The stock has gone from 39 to 53 in 8 trading sessions. For sure people are going to cash out Wednesday morning, despite CNBC's John Murphy, Goldman, Cohen, UBS, and Raymond James. Smart money says buy back in on the dip after earnings and ride the stock to 60+++++. Good luck to all!!! J.C. Group

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