Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: Gary Korn who wrote (25810)	12/4/1997 8:06:00 PM
From: jeff wheatley	Read Replies (1) of 61433

Gary - I'm just guessing, but the LU offer seems to suggest that the market value is now at least $35. If others are interested it should go up some more. So, gap to 35? I have to admit that I've been very skeptical of a buyout. Man, was I wrong!! I've been in cash waiting for a bottom in this tech meltdown. When ASND started moving on high voume, I went in at 25 5/16. If this plays out the way it appears it'll turn out to be my luckiest move of the year. Anyhow, wanted to thank you for all the info you've posted. Also it might be wothwhile to study the MCIC chart. They've been in a similar situation recently. edit: anyone else have ideas on how to play this?

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