Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Tiffany Trump who wrote (42027)	4/2/1998 10:22:00 PM
From: Jan Crawley	Read Replies (1) of 61433

Hi Tiffany, Welcome, and very happy to see you here. I have a small story to share with you too... Remember on Dec 5 last year, the date Asnd was rumored to be purchased by LU for $35 cash per share..I was up early, pushed away all engagements, key board ready..singing, dancing around, and by all means was watching and listening to Maria with undivided attention. I was holding 5K shares with an avg of about $34... and $34 1/4 was what I was waiting for...I did not want to settle for $32!! Every cells in my brain told me to "sell 1/2 my holdings at $32 right now" as Asnd was flirting with 32 for over an hour...How I wish I had acted then....I would have been able to buy back my shares in early Jan and took advantage of tax loss... Anyway, I am still long Asnd and I believe Asnd should reach $50 towards the end of the year if F/A continues to improve and earnings on target. LU buyout under pooling of interest A/C method is still feasible after October. However, unless Asnd's coming earnings greatly exceed expectation, why should the price appreciation exceed $40 right now, this week?...unless the current buyout rumor is forcing the shorts to cover...What if the buy-out is indeed rumor only.... Just some of my thoughts; and again, welcome to the thread... Jan

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