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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: Tim Luke who wrote (20632)11/3/1997 12:52:00 PM
From: giddy guru  Read Replies (1) of 61433
 
//gg//

Tim,

Agree. Fundamentally, the company has some good products and the stock is a value play now. Analysts don't recommend until they collect as much as they can at a far lower price.

My only hesitation is that CSCO results tomorrow. If they are not received well or if CSCO tries to bash ASND in their CC, we may still see a short term pullback to 25 area.

I am getting in long with half position now and will watch closely.

/gg/
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