Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.86

+2.9%

3:59 PM EST

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To: sam who wrote (8837)	8/13/1997 8:16:00 PM
From: vegetarian	of 61433

>>Anybody catch some fund investor named McNamara plug CSCO, ASND and COMS ... Yes, I think his name was Roget McNamee or something. He recommended data networking stocks because they think that sector will be in favor and mentioned all the above stocks. However, his was a longer term view and he also mentioned that at the present moment they are somewhat cautious about the market (he said that on more than one occasion) implying that it may/will correct. Looking at the index charts and based on the nervousnes in trading, my own take is that the markets will probably correct from here (only to see the market probably take off tomorrow). Also I think ASND will present itself at much better buying price in near future; this time I will buy it only if it goes to 40 else I will let it go.

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