Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.13

-0.7%

11:49 AM EST

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To: Bald Eagle who wrote (14916)	9/29/1997 5:36:00 PM
From: Jeff Mills	of 61433

ASND has 188 Million shares outstanding. Closed with a market cap today of $6.6 Billion dollars. Will report sales of $270 Million this quarter. Cascade merger has imploded for ASND. Honestly, I would not even consider buying the stock tomorrow UNTIL it hits the $5 Billion market cap level. That level corresponds to $26 1/2. How low will Wall Street pound this stock? $4 Billion Market cap level? $3 Billion? At $4 Billion, it would trade at $21 a share. Should open $28-$29 in the morning, and I would not be surprised to see this stock leak all the way to $21 before bottoming. Stay away folks. PS--I am not short ASND, never have been. But we did see this coming, no? techstocks.com

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