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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001600.0%Jan 9 9:30 AM EST

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To: Glenn D. Rudolph who wrote (3656)8/13/1997 10:51:00 PM
From: David Lawrence   of 22053
 
>>Seriously, what do you think the market will do with Ascend?

Glenn, my big trouble with Ascend is that they keep perpetuating Lack of Credibility. I bought because it looked due for a technical bounce, then comes the 8-K with the totally unexpected numbers, and the rest is recent history. I think it's more than FUD, and actually borders on deliberate deceipt. I and others were taken to task for that opinion as recently as last week; now practically the entire Ascend thread is screaming bloody murder over the "surprise".

ASND closed the 43.75 gap today, and I think it's near-term direction will be set by tomorrow's activity. I doubt that I'll trade it again prior to expiry. I also doubt Wall Street will love 'em again in a big way until after the horizon becomes more clear.

Long term it's a can't miss, but I think we'll get a chance to buy it in the upper thirties.

Sorry if this message looks wierd. I'm sitting on a NT box running IE 2.0, and the lines just keep on going, and going, and going....

David
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