Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.38

-2.2%

3:59 PM EST

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To: Thomas M. who wrote (24189)	11/20/1997 5:04:00 PM
From: Jeffery E. Forrest	Read Replies (4) of 61433

The teens? Tough to say. ASND held a VERY important support level at 20-22, BUT that support level was all the way back in the Fall of 95. Biggest problem I see know is that the company has lost all credibity with WS. A lot of money was lost on ASND and these losses can be directly blamed on management. Most times losses might initially be blamed on the company, but final accountability lies with the investor who laid his money down after doing Due Diligence. After doing some soul searching the investor usually only has himself to blame for his/her losses. This is different. Even Due Dilly wouldn't have saved you because Mory was playing Pinnochio and Due Diligence couldn't be relied on. If you believed in management you were not playing on a level playing field. Unkie Mory LIED. Plain and simple. He BS'd and hoodwinked EVERYBODY and this is something that will not soon be forgotten. Who would want to invest in a company that can't be trusted? It's like having your husband/wife cheat on you. It's NEVER forgotten. PERMANENT damage that can't be fixed. The best thing that Unkie Mory could do is resign, turn the reins over to someone else that doesn't have the stigma of LIAR attached and sit on ASND's board or something similar. Stay behind the scenes and keep his trap shut because we've all learned when he's lying. It's when his mouth is moving. So, will ASND go to the teens? Nothing would surprise me. I'm just glad I got the hell outta Dodge and put my money in a more worthy investment. I made ALOT of money playing ASND, but I have written it off my list. I surely am not the only one who feels this way. ASND had a chance to be a major player, but they blew it.

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