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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%Dec 10 3:59 PM EST

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To: Emile Vidrine who wrote (14752)9/28/1997 9:42:00 AM
From: The BayWatcher   of 61433
 
The Barron's hatchet job is very similar to what "journalists" were doing to COMS earlier this year and to BAY and ALTR last year. I remember reading "news articles" about how Intel's new chip would replace networking equipment. When they claim that A$ND is all hype, that is exactly what they are doing-- negative hype masquerading as news. Rather than be upset by this, IMHO it's better to recognize what's going on and use to buy A$ND. I believe we are probably going to re-test the recent low of 32-33 in the coming weeks and I will buy again, having missed the earlier opportunity at 32. There may be one final downward gasp into the 20s, at which I will buy again, but I would not count on A$ND going that low. This is shaping up to be a terrific gain in 6-12 months, compliments of Barron's, Cramer, and the herd analysts. I kindly thank all of them in advance.

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