Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: pass pass who wrote (22611)	11/11/1997 10:50:00 AM
From: hal jordan	Read Replies (2) of 61433

pass pass-- I do not believe ASND will go up until after the new year. As someone mentioned before, tax losses, insider selling, and all the negative pressures in the market are placing ASND where it stands today. This is still a good company, and I think it could be a great bargain in the teens. But it won't move up substantially before '98. In fact I would bet it goes down further. One thing disturbs me though. I know a few people in Cascade, and they all hate ASND. They are very upset about the acquisition and ASND management practices. I believe they feel they would have been quite profitable, and ASND is the one dragging them down. Quite a few people have left the former Cascade. Negative comments stick in my throat, which leaves me hesitant to purchase this company even in the teens. It should be a no-brainer buy in the teens even with negativism. Hal

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