Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.46

-2.1%

2:06 PM EST

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To: Narotham Reddy who wrote (11006)	9/9/1997 4:17:00 PM
From: sepku	of 61433

>>>On that day, it was unable to sustain the momentum till the end. Today, it is gushing towards the closing. We may see a big gap up tomorrow AM.<<< Probably, although when I'm long I don't particularly like gap ups at the open...the pros love to fade them back down. We'll need the volume, that's for sure -- hopefully the short covering will fuel that. I've scoured all the sources I could, and still no sign of any news. I expect some kind of press release breaking down the conference after 4:20pm. ASND finished strong, +2 3/8. There was a string of selling during the last 5 min, but this was probably just traders exiting their positions before close. Still a lot of aftermarket activity -- unfortunately I can't tell in what direction...my screen shows the volume only for some reason today. I think it's safe to assume that management did NOT warn about the coming Q est. The CSCC div. must be making a comeback in a huge way this quarter. Remember that last Q, management declared that the current Q's earnings would be "non-dilutive", meaning any resurgence in CSCC business will have direct poitive impact on the bottom line. Tomorrow begins the "quiet period". Concerns over revenues look to be way overblown...ASND had the opportunity to let out any bad news, but obviously did not, judging by the positive momentum. Let's see that NTT deal confirmed. Style Pts.

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