Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.83

-4.3%

Jan 16 9:30 AM EST

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To: Skipper who wrote (17675)	10/14/1997 9:01:00 AM
From: Jeffery E. Forrest	of 61433

I saw you were doing some trading in Ascend. What are your current thoughts? I'm bummed about the loss of volatility as I used to love to trade it, but it seems like a real safe hold right now. 1. We've found a bottom 2. all the bad news is out (we hope) 3. Hopefully Mory has learned his lesson about playing it fast and loose with the street. 4. It looks pretty good technically I'm holding a small amount of shares for the long haul and it feels comfortable to me. I beleive we will see little movement in price so will be writing Calls on strength. It's going to take a while to repair all the technical damage done and probably even longer for all the psychological damage. Look at IOM. Because of THEIR fiasco a year or so ago, they still don't get any respect (even though they finally deserve it IMO).

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