Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.01

-1.6%

3:10 PM EST

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To: vegetarian who wrote (7854)	8/1/1997 10:49:00 AM
From: WBendus	of 61433

We may have seen the low of the days on ASND. There were strong buys yesterday at 52 1/2 and it looks like they stepped in again today at 52 3/4. The larger than expected NAPM numbers actually should have little effect on ASND in the long term. ASND does not derive its profits from interest rates and is not at risk of rising inflation in the same way that banks are. Traders are driving the stock in the short term and the smarter long term money will support the stock. Do not be influenced by the short term swings in this stock. Anytime you see the net change greater than two points to the downside, step up and buy. You will be getting it at very good prices. Wayde.

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