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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST
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To: blankmind who wrote (14910)9/29/1997 5:52:00 PM
From: Brad Rogers   of 61433
 
What's the big deal? This preannouncement doesn't surprise me in the slightest. Just about everybody knew it was coming. Heck, why do you think the stock went from 55 (after Q2 earnings) to last week's 32? Most of this has been discounted.

I see the stock stabilizing in the next 5-10 days in the low 30s, as a worse case scenario.

Now is not the time to panic. the lows on this move will be made in the next 2-3 days.
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