Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Gary Korn who wrote (38107)	3/6/1998 4:22:00 PM
From: uu	Read Replies (2) of 61433

From briefing Ascend Communications Inc. (ASND) 33 9/16 +1 1/8: EVEREN Securities upgrades remote access networking products concern from intermediate-term "market perform" to "outperform" while keeping its long-term rating at "outperform." The firm also sets an intermediate price target of $37 and a long-term target of $43..... I just have one question: I never understood when these guys set a target price. So for example in this case when ASND reaches $43/shr what does that mean? Does it mean we just then have to sell, pack the bag and go home? And who is the guy who would be buying the shares at $43 knowing that the target price was $43 for this stock! It sure has turned into a very very funny (and dirty) game! Regards, Addi Jamshidi

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