Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

3:59 PM EST

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To: The Phoenix who wrote (41408)	3/28/1998 12:13:00 PM
From: Greg Jung	Read Replies (7) of 61433

The stock is rising on takeover speculation (imagined), not the expectations relative to their earnings. Holders of a presumed suitor do not believe it, otherwise we'd see somebody tanking. Run-ups to earnings occur just prior to the fact, not two weeks in advance. I expect a selloff from this level consistent with the oscillating downtrend begining to appear in the chart. If it pushes to 40 the ball game changes a bit. Greg

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