Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.44

-3.1%

11:42 AM EST

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To: Jeffery E. Forrest who wrote (24210)	11/20/1997 5:11:00 PM
From: Harold S.	Read Replies (1) of 61433

Jeff, Even I, the bullest of bulls, agree with most of what you say. However you yourself admit that you have not written it off your list all together but have gotten out. Here is my exact point. I think a lot on the street are just like you and/or are short to boot. When the smoke clears and the company gets some credibility back, the shorts will cover and the people like yourself, on the sidelines will jump back in and this stock will fly once again. I do not fault anyone for waiting on the sidelines and should have got out 10 points ago myself. BUT, since I didn't, I don't see the point in doing so now as I DO NOT believe this stock is going to the teens and I do believe that credibility will once again be gained, the shorts will cover, and I will ride this one back up. Will it take time?? Absolutely. But once its time has come it will not take too long to rise 15+ points. I guesstimate about 3 days once the shorts start to cover in earnest.

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