Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: casey (guessed password) who wrote (16400)	10/5/1997 9:17:00 AM
From: Robert Scott	of 61433

Casey, you're neither long nor short but got out at 52 last summer. You post many notes all negative but you're neither long nor short. I suspect you got burned when you sold at 52 or want to drive the stock down because you really want to buy at lower levels. As far as I'm concerned, you don't need to prove you were right selling at 52 - I suspect all of us have sold a stock before it went further south. No great feat. I have watched ascend for over 1 year without buying. I too was concerned but unlike you, I believe we're near a bottom. Could go lower from here but over the years I've come to believe that picking the bottom is just as hard as picking a top which is why people pick a company at a point in time because it makes sense at that price. If Ascend goes to 25, I'll either buy more or sit tight. For me, the price in the short term is not what I'm looking for. The demand for remore access ports is strong and will remain so for at least the next 3 years. Ascend is off 60% from its high and would not want to sell my shares for a slight premium if an offer was made. I suspect that it will reach its high within the next 3 years if not sooner for a 150% gain. I unlike others here do not believe an acquisition is likely - price to sales is too high. I think 30 will prove to be a formidable resistance point. New product introductions this quarter are a positve and the UUNET announcement shows ASND products still very viable. Also, the fact that the stock only dropped 2 1/2 points with the earnings shortfall announcement shows to me that most of the fast money is out of the stock already - most of the current holders are at prices in the 30's and low 40's or are long term holders. Of course, have been wrong before so its just an opinion.

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