Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.98

+4.3%

3:59 PM EST

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To: 4-UR-Eyes-Only who wrote (15729)	9/30/1997 7:59:00 PM
From: Arv	of 61433

Actually the fact that asnd did not suffer major damage today concerns me that there's a possibility of more downside. Such a narrow trading range (less than $3)for a stock like asnd on terrible news/massive volume is kind of surprising. Even if some news was factored into yesterday's price, the sheer shock of a 0.18-.20 confession from the management should have caused more damage. Afterall it was trading in the mid to high 30s when revised estimates were 0.31. And it still retains a fairly high p/s. To state the obvious- there appears to be more here than meets the eye.

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