Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

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To: Gary Korn who wrote (38879)	3/12/1998 6:44:00 PM
From: Jeff Jordan	Read Replies (1) of 61433

I guess it does look like we have a shot @$40 by option expiration. Jeff, I doubt this very much insofar as the current guidance seems to be that the quarter won't exceed and could potentially fall short a slight amount. Beyond March 20 expiration, I'm concerned short-term (until the dust settles after April 16). A significant contract announcement would change this but, absent that, I don't see the cause for any short-term optimism (After April 16, it is another story). I was talking strickly from technical analysis of the chart. I believe we will see $37 tomorrow. We could possibly hit $40 by expiration. I have always felt the price at expiration will be 35. After that I think 40 is a cake walk. Then I think we trade 38-45 for a while...until earnings really improve.JMO<g> I think nervousness about the quarter would keep some money (including some of mine) on the sidelines. What nervousness? There hasn't been any real warnings....or even indications Ascend won't meet or beat. I think you read to much into that particular email.... Jeff

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