Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.28

-1.0%

Dec 3 3:59 PM EST

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To: sepku who wrote (13324)	9/17/1997 7:21:00 PM
From: Scott	of 61433

Style Pts._ Here's my position...Everyone is congratulating themselves after 2 days of positive..I know we're excited not to see another down day...But let's be realistic...When you invest..expect the unexpected and deal with it...For investors ..there is a possiblity that this stock could turn again...unexpectedly bad earnings or some other surprise could cause another sell-off...If you choose to buy here you are getting a good price BUT..if this turns ..Don't panic..You baught at a very reasonable price...I for one feel that this is a very oversold stock...But it can become more oversold...COMS was traded at a low of 24 and 14.20 PE and prior to that many felt it would hold above 30 Feb. 28th through April 18th when it broke it went stright to 24..My point is that..ITS TO EARLY TO PAT YOURSELF ON THE BACK FOR CALLING THE BOTTOM>>NO ONE SAID THAT IT CAN"T TURN AGAIN..UNEXPECTED THINGS HAPPEN....THIS IS A GOOD COMPANY>>SOUND FRANSHISE AND GOOD VALUE>>>BUT IT WAS ALL OF THAT AT 50 also...

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