Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 215.04

+3.0%

3:59 PM EST

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To: Scott Rafe who wrote (10905)	9/9/1997 2:23:00 PM
From: Maverick	of 61433

The chart looks eeriely familiar as last qtr, from 6/10 to 7/1. The bottom is re ached when the volume dries up to 6MM and the spread between low and high is abo ut <= $1. Then just before the earning was announced, it took off for MMs were c onfident that ASND would slightly miss or meet estimate. IMHO, if ASND knows it will miss estimate by 2 -4 cents, it would quietly hint analysts to lower estima te as in the case of COMS which had analysts lower EPS from 53 to 48 cents w/o h aving to preannounce a warning. On the other hand, if ASND will miss by >= 5 cents, it may have no choice but does the inevitable. However, there is always exception such as in the case of AMD which kept falling short but managed to manipulate dumb analysts, and NN fell short last qtr but gave a positive for ward-looking statement about BB ratio and partnership.

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