Ascend (ASND) Traders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend (ASND) Traders

ASND 196.01

-0.8%

Nov 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carl Zbad who wrote (78)	9/10/1997 10:07:00 AM
From: Carl R.	of 369

Not really. I think that people were expecting worse than they got. Instead they got a soft warning that sales were slow in Europe, and that the business as a whole was in pretty good shape. Thus the market moved up on the absence of bad news. Anyway, the stock moved down a bit today as the big brokerage firms ML, MS dropped estimates to $.32. I have been predicting that First Call would move estimates down from $.34 to $.32 before the quarter ends, which will make it easier to hit the target. I suspect that if the target moves to $.32, that's what they'll show. I think they would make $.33 if they needed to. Anyway, what we are seeing is earnings estimates falling, but no downgrades. Thus I think that the stock will recover and I think that options pressure will move the stock to 45 by Sept expiration. Now we're down to 41 1/16 on 3.5m. The traders all wanted to take their profits... Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next