Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

3:59 PM EST

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To: Gary Korn who wrote (24781)	11/26/1997 3:26:00 PM
From: Harold S.	Read Replies (2) of 61433

Yes Gary very good perception. I am not sure whether it is a case of becoming unnecessarily excercised or simply getting very impatient today. In either case, I am going to turn the computer off and not worry about it today. I have held my shares till this point and just don't see much point in selling them now. I somehow still believe that in 6 months ASND may well be above 50 and IF i can be patient, as I have been thus far, I will still be around to rake in the rewards. It still concerns me that no insiders have bought but no matter what anyone says I am very enthusiastic about the large short interest, for a couple reasons. 1) As the quarter draws to a close the shorts will begin to get nervous about what earnigns may hold. 2) The new CFO has specifically stated that ASND will meet this quarter's and next year's expectations. 3) The fuel to start a short covering rally may just be some piece of news not yet known to anyone. 4) The potential for a buyout...or merely the strong rumor of buyout..still exists and would be very worrysome to most shorts should it be believed by the street. For the above reasons I continue to hold with the rest of the diehard longs.

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