Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.71

-0.9%

12:39 PM EST

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To: James A. Venooker who wrote (18586)	10/21/1997 8:15:00 PM
From: Tim Luke	Read Replies (4) of 61433

James, I have day traded asnd over 100 times this year so I do have a good feel of the stock. Right now I'm sitting on 300 shares and I plan on holding them until ASND hits 50, which I'm predicting (if they are not bought out) around April-May 98. I really doubt all the rumors of a buyout, I think its just pure stock manipulation and it works for a very short time but in the long run it hurts the stock. I'm still sticking by my predictions of asnd trading in the 32-38 range for the rest of this year. I don't see any reason to change my feelings on this. Nov and Dec will be great months for the tech stocks to rally, I just don't see asnd being part of that. This past earnings really hurt the stock and that will carry over to the next report but once we get past that I think the stock will fly. Asnd will have no problem hitting 50-60 and higher, they just have to get by one more qt. But for right now I don't see any major jump in price until after the new year. My Favorites: INDV SYQT SEEK MDCO TLAB PAIR COO GLM COMS

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