Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.82

+0.6%

10:07 AM EST

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To: Nazbuster who wrote (13220)	9/17/1997 2:01:00 PM
From: Emile Vidrine	of 61433

Daniel--I started buying in the 32-34 range expecting it to bottom in the mid to upper twenties. The NTT, Lighthouse and Taiwan contracts have thrown a monkey wrench in the MMs and institutions plans-I think it was mamagements timing to have the contract annoucements put the break on the manipulation by the MMs. I believe we are establishing a solid base between 33-35. I am completing my ling-term buying today. There is an outside chance it might dip some more during earnings annoucement, but I believe the probability is for the stock to move up from here. Even it it temporarily dips in the 20s, I still think its a good long term investment in the lower thirties. There are several negatives that ASND will have to work out before the stock can climb back to the 60-80 level. When it completes its base and finishes eliminating the weak hands, I beleive it will shut up on Short covering. The shorts are waiting to see if the base will form. Asnd is and excellent stock to daytrade. All IMO. Best success to all. Regards Emile

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