Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.77

+4.9%

Dec 22 3:59 PM EST

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To: KellyW who wrote (15707)	9/30/1997 6:26:00 PM
From: Jeff Mills	of 61433

ASND-ites: I was surprised at the strength ASND showed today. I was anticipating an open in the $29s and larger volume. Both did not happen. I was not a buyer today, however. Better prices will come shortly IMO. I still am looking at $26 1/2 or lower to enter. Mory was on the wires last nite saying this quarter was a significant disaster. These issues do not get resolved overnight. The stock may have looked healthy today, but the big picture is still clouded short-term. Still remains pricy with a PSR above 6. Also, we did not see blowoff downside volume today. All the bad news is out, or is it? Cheers

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