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Technology Stocks : Ascend Communications (ASND)
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To: Tim Luke who wrote (9725)8/26/1997 9:46:00 PM
From: john dodson   of 61433
 
And as for asnd making 50 this week, you can bet your sweet --- it willso check in with me when it does hit 50 grasshopper and you can thank me then.

With today's weakness in networkers, and next week's traditional
pre-labor day weakness, do you still see ASND hitting $50 this
week? Only 3 days left to do it. If so, I think it'd be ripe
for selling at much past $50.

Until the earns situation is resolved, I doubt this one will go
much beyond $50. Now a strong buy rec from a big brokerage, well
that could move us up to $55.

However, I'm a bit concerned when I see powerhouse networkers like
COMS getting hammered below $50, while SHVA jumps over 20% in one
day for no apparant reason.

Good Trading,

JOhn Dodson
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