Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 3:59 PM EST

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To: Ben Tang who wrote (13734)	9/20/1997 12:12:00 PM
From: Harry Ehrlich	of 61433

Ben, thanks for the post and your insight on the weekly chart. I have not pulled a weekly chart yet, but will do so later today. Yes, Monday will be an interesting day, now that we've passed the options expiration. Should Ascend go above 36 and not see the typical 10:00 to 10:30 selling pressure, I would cover my short. I would not risk more than 1 point. In fact, I would probably cover at 36-1/2 if it held past 10:15. In addition to the technical aspects, the fundamental news has not been great. Sector Investor posted some interesting notes on the news only thread (thanks). Below are some key points. Everen: we stress caution at this time regarding the common stock until our confidence in our estimates and the overall industry improve. Cowen: ASND's Q3 Tracking Below Plan. We believe Q3 is tracking below plan, primarily on weak international sales. Japanese sales are particularly slow as are European sales in general. Also, Rumor Control has it that COMS may warn. Just a rumor; that's a wait & see situation. But it would be a good idea to follow the COMS action right now. At any rate, I like Ascend and will be looking for a buy point. Harry

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