Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Peter Yang who wrote (11961)	9/12/1997 1:28:00 PM
From: Todd N	of 61433

>>Anyone knows how often analysts downgrade at the bottom and upgrade at the top? My guess is 90%.<< I tend to agree with you...probably the same percentage of people who buy at the top and sell at the bottom! After this Spring and this pullback, I am going to start keeping track. I can't find any info on Goldman's comments a few weeks ago when it was 50ish. Didn't they upgrade it to their "Recommended List", and site 35% growth, etc? Did I dream it or what? I guess things have gotten so bad for the company in the last few weeks that it is worth 30-40% less now. < G > I like the tax selling scenario. I think it is certainly contributing. I also think it is window dressing by fund managers as we are ending the quarter. ASND has attracted a lot of negative press lately, and managers want to remove it from their holdings. Just my opinion. Todd

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