Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.6%

3:59 PM EST

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To: Tim Luke who wrote (26695)	12/6/1997 9:46:00 PM
From: Duke	Read Replies (1) of 61433

Hi Tim, I'm not going to against you about ASND will drop back to mid 20's in coming weeks but I still strongly believe that ASND will be up eventhough the rumor is dead. There are several reasons for that: 1. CFO's announcement about future earning. 2. a stabilized of the general market 3. ASND already hit a bottom, it's time for those BIG GUYS to jump back in (the sell off for tax purpose is over) 4. The increase inflow money in equity. 5. The outlook for networks industry still remain growth up to 25% per year. 6. I don't think those big block trades in the last few days simply bet on rumor only there must be something else beside that. 7. is there any reasons will hold ASND down? it's ok with me to give up 4 point for the dead rumor but it will back up again. Please take a second thought, you might miss a ride up to 40+. Just my amateur opinion. Duke.

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