Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

Dec 1 3:59 PM EST

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To: Harry Ehrlich who wrote (23185)	11/13/1997 11:07:00 AM
From: jeff wheatley	Read Replies (3) of 61433

<Can we assume that it's already built into the price?> This is tantamount to asking whether the situation and markets over there have stablized, or whether the correction here has bottomed. I think it's too soon to say. A number of techs have either made new lows or could do so soon. Or this could be the bottom. Have to see how strong this rally is. ASND seems to have support at about 22.5 for the time being. The real question for me is whether Q3 represents a temporary lull. If so this price is a fair entry. If so, and the market continues down, a better entry could present. The old question - where's the bottom - wait too long and you miss half the action, the price of higher certainty. Do you think the slow down is temporary?

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