Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Mang Cheng who wrote (26529)	12/5/1997 8:23:00 PM
From: MoonBrother	Read Replies (1) of 61433

ALSC Short Term Price Moving Outlook - my own opinion. Things should become clearer after this weekend. We have started to hear more and more analysts raising doubt about the rumoured LU/ASND deal. Realizing this, next Monday's trading pattern might be characterized as "nervous", i.e., whenever there is a price retreating, you will see a slew of small selling orders following suit. On the other hand, every sizable drop will alure some sideliners to jump in, or some short covering, thus quickly reverse the price move for a short while. However, the general trend is to turn downward. The high of the day might still test $30, and low of the day touches $26, with closing price set at around $27. After that, ASND should eventually be stabilized at around $25 by next weekend. Above guessing has not factored in any possible market move or potential new news coming out during the weekend and/or next week. Have fun and good luck! MB

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