Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

Nov 19 3:59 PM EST

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To: N4ZQ who wrote (23731)	11/17/1997 12:35:00 AM
From: Jeff Jordan	of 61433

Jeff, if you buy asnd at this level, you are flying blind.asnd has given NO indication that distribution beginning at much higher levels is over. My strategy is not to buy Ascend at the bottom, however I feel I have. I'm in it because it has sound products and is in the right market for those products. The fact that Ascend has been beaten down just gives us the opportunity to buy at these levels. This stock will go up from here and that makes it a good investment. Demand for its products is and will continue to be strong. Wall Streets problem is short term focus, always has been. When sentiment changes the price will go past the P/E multiples and you will say this is a great company once again. I see no risk here. I also don't buy the arguments I have heard that there are other bargains out there with the possiblity of faster returns. So I won't buy Asnd unless its below $20 or whatever? The fact is the price is off the 52wk high by 70% and I recognise this as a bargain. Jeff

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