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Technology Stocks : Ascend Communications (ASND)
ASND 197.59-0.8%Nov 7 9:30 AM EST
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To: Jeff Jordan who wrote (20626)11/3/1997 12:26:00 PM
From: Tim Luke  Read Replies (1) of 61433
 
Jeff,

I have a feeling something big is going to break for asnd this week, as in merge/takeover. The bad thing about it (short term) is that all the shares that were bought in the mid-twenties will be sold with the jump in price asnd will get on the news. I think asnd could break low - mid thirities this week but there will be alot of selling at that price range and that will keep the stock down.
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