Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.77

+4.9%

Dec 22 3:59 PM EST

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To: Tim Luke who wrote (8439)	8/11/1997 1:51:00 PM
From: Greg Jung	of 61433

>> the market forgets bad news very quickly. << oh? And the corollary being, it remembers good news for a long time? That is what you would like, unfortunately not everybody cooperates. >> its a crazy business. << That, I'll agree with. >> The bottom line is its a great buy at this price. << That is a perception based on previous price history, projection of a future price history that is above these levels. These higher price forecasts are,.in turn, premised on future performance equal to the past. If the price rises it will be a great buy at these prices. But that has no useful content. It is a risky stock at any price but it may be able to hold 40 pretty good as it has been shown to do. Any -real- bad news could take it well below that, however, at which point I would call it a good speculative buy. Otherwise it is a networker, no more nor less, with a shorter track record to judge on. Thus a slightly discounted PE to its peers (3com, Cisco) is justified in the absence of better info. Greg

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