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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Chi-X who wrote (22410)11/10/1997 5:44:00 PM
From: Jeff Mills  Read Replies (1) of 61433
 
Mills Sets New Price Target.

I called ASND to $26« when it was $40. Then I called for $21« (or $4 billion marketcap level). Well, my new price target is $16«, or 2« times sales before it is all said and done. COMS right now trades at 1.92 sales, and COMS is 100x the company ASND will ever be.

Based on the intraday, the heaviest volume came at the close. PEOPLE STILL WANT THE HELL OUT OF THIS STOCK.
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