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Technology Stocks : Ascend Communications (ASND)
ASND 202.96-2.8%Jan 9 9:30 AM EST
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To: Maverick who wrote (13999)9/22/1997 9:15:00 PM
From: Mr. Aloha   of 61433
 
It's going to be VERY DIFFICULT to buy ASND below $30.

If the company reports earnings around $.26 or so and mention that sales should be strong in the fourth Quarter, it will probably stay well above $30. This current price almost reflex's poor earnings, maybe $32-34??

I don't think the company will say anything until after this month or on the last day or two *IF* they are or can say anything at that time. They have already mentioned the desire to find some deals towards the end of the month to boast sales. I don't think they have given up on the Quarter with over a week left.

They could be in the process of closing a large deal with a nice discount for the individual willing to work with them now??? (total speculation of course)

This is all assuming that ASND is below last Quarters revenue and earnings at this point???

I would love to buy at $28 if possible, but I'm not planning on it. As for boasting the price, it *could* be true, good point. But at the same time, take a look at the frequency of news releases over the last several months. They come in groups and I was expecting something the weekend before last.

It's interesting.

I'm watching CYMI very closely now. If it tanks again with no confirmation of problems, I'm all over it. :-) If it holds steady, I just might bite.

Aloha
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