Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 218.50

+6.9%

10:05 AM EST

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To: Stephen M. DeMoss who wrote (36790)	2/28/1998 4:05:00 PM
From: MMW	Read Replies (1) of 61433

Hi Steve, I have a little problem with selling the stock taking the profit. Considering last year heavy loss on the stock, I would rather let the stock pull back and wait for the company reporting earning, which is expected to meet expectation of $0.25 per share. I have some good feel for the company meeting the expectation. By that time, I would expect the stock will move a little higher than what is now. I think ASND will benefit from overall internet bandwidth expansion due to their market position. I also agree with you that in short term writing march 40 call may be a good move to get some free money. But I will not take that risk either. Cheers, Mike

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