Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

3:59 PM EST

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To: Jeff Jordan who wrote (39862)	3/18/1998 5:16:00 PM
From: hitesh puri	Read Replies (2) of 61433

Really tired of these tech stocks that keep of going down in up markets with no news. I dont know why in the world did I ever stick to these guys when the usual trader mentality is always to short them because any news is perceived bad for them. Word is that Nortel buying Aptis is bad for Ascend because they are now the competition and that means they wont be buying Ascend. Who was even thinking they would at this point after the rumor was squashed in December ? Market is totally trading on "since there is nothing else, lets buy Coke and Gillette" mentality. No matter that they have 10% growth and Asia currency is a big problem for them. Its ok, since tech stocks have disappointed lets award G and KO 50+ PE. I expect Asnd to hit 28. Since we are close there lets get it out of our systems.

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