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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: Leeza Rodriguez who wrote (27215)12/9/1997 2:18:00 PM
From: Sector Investor  Read Replies (4) of 61433
 
Leeza, WOW, that is excellent analysis and is much appreciated.

I have stated several times that the $40 rumor price is way too low,
and part of my reason for discounting the rumor(s) is just what you have
so eloquently stated. I had figured low $50s as reasonable, but $48-$49
works almost as well. :-)))

Now, how does one justify paying $48-$50 when the stock price was
going for $22? Well, first you have to get the stock up to say the
mid-$30s, I would think.

A partial leak is one possible way (not saying this happened). Another
way is to confirm "comfort" with good (but very doable) earnings and
then come in above that level.
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