Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

3:59 PM EST

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To: NJ777 who wrote (14966)	9/29/1997 6:54:00 PM
From: Jeffrey L. Henken	of 61433

Everyone should do just whatever they feel like short of jumping out a window or inflicting violence on one another. So if you want to panic. Go ahead. But lets remember that eventually the stock will come back. Just like BAY did. I wouldn't be surprised to find X208 or some other idiot from Wall Street even hyping a takeover by Lucent soon. Look what that has done for FORE on it's terrible earnings. Heck even little ANET which managed to earn 1 cent last quarter trades at nearly 13. So does that mean that ASND should trade for 5 or 6 times FORE's price and 19 times ANET's. Of course not but it does mean that the bad news is out. The panic has begun(to end). Soon the recovery will begin. ASND has a hell of alot more going for it than FORE or ANET in my opinion. Despite the fact that management has let us all down. The relative valuation on this stock will likely get no cheaper than it will the next few days. Good luck to all the longs like myself. Congratulations to those who got out in time. More power to the shorts! Great buying opportunity ahead. Regards, Jeff

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