SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sepku who wrote (18196)10/18/1997 11:56:00 AM
From: Tim Luke   of 61433
 
<<Tim do you still stand by your opinion that ASND will not break 40 this year...or do you recant that statement?>>

Style,

I'm not sure yet, there are alot of factors here. First off I'm just glad last week is over and CNBC stops talking about Black Monday, enough of that sh*t already.
Second, if the rise in asnd last week was due to the rumor and that rumor proves to be false the stock will drop Again.

Third, as you know ASND could rise 10-15 points in one week if we can get a couple upgrades or more rumor talks. I think Monday morning the market will be down but I think we will have a major buying rally taking place next week, infact I would bank on it.

The big problem here is I don't think ASND can hold above 40 this year unless they do get bought out. I don't see any major news that the comapany can release outside of new owners that will warrant this.

So if they don't get bought out I will have to say they will end the year under 40.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News