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Technology Stocks : Ascend Communications (ASND)
ASND 199.63-1.4%Dec 18 3:59 PM EST

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To: Finder who wrote (17244)10/9/1997 11:46:00 PM
From: jhild   of 61433
 
Finder, As you may know, James Cramer has sworn off ASND. He has traded it unsuccessfully too many times to touch it again. So it is on his "won't trade" list.

But you never know. He's a trader. Maybe his palms got that ole itch, and he just couldn't resist. I think you are picking up on his already stated predisposition to diss ASND.

After the euphoria dies down a bit over the relief that ASND has at least made their numbers, I'm not sure what is going to move the stock. DSO and inventories are up and the CC explanation describes it, sort of, but I have to think there will be some doubt remaining still on the future. While margins edged down a trifle, I think that is to be expected. Certainly shipping in volume to Europe and/or Japan would be confirming news that the story is still in tact. Worrier that I am, I am worried about what can happen before more good news can come out. But at least there is something to feel good about today. Just hope this carries over until tomorrow.

Happy trading.
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