Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.93

+5.2%

3:39 PM EST

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To: uu who wrote (38109)	3/6/1998 5:50:00 PM
From: Inga	of 61433

when ASND reaches $43/shr what does that mean? Addi, I think all security brokerage firms have some sort of security price guidelines for long-term investors and new potential customers. Fidelity sends me a list of recommendation of their security selection and price appreciation potential from time to time. Their customers do want to know how much room left for price appreciation. At 33 early today, long-term (6 months to a year) according to Everen, the potential to achieve more than 30% return (43$) is very high. This would help a great deal for some investors who would want a good tech stock in their portfolio without spending a lot of time researching the company fundamentals. With a price target, at least we have an idea whether the current price is basement bargain or a screaming short candidate. For traders and short-term trades, these guidelines do not have meaningful use. Nice price action today. Have a good weekend.

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