Ascend Communications (ASND) Message Board

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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: Jurgen who wrote (20621)	11/3/1997 1:01:00 PM
From: Chuzzlewit	Read Replies (2) of 61433

<<maybe i get in once it trades above 28 again. Am I crazy ?>> Yes! If you say that people who are down 15% must sell and then at the same time you are pondering getting in at $28+. Your thinking is inconsistent, and is a prescription for churning. ASND is going through growing pains right now in trying to assimilate the CSCC merger. This is a company with excellent technology in a rapidly growing industry which is only in it's infancy. Like all high beta stocks an earnings disappointment hits the price very hard. But given a few nice contract wins the stock will trade sharply higher. Since you cannot predict the timing of contract announcements, you cannot predict the possible large price movements. Regards, Paul

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