Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Tim Luke who wrote (42488)	4/7/1998 11:07:00 AM
From: Souze	of 61433

Just some thoughts - no data. The stock might not make 40 this week. But if you're long the stock, don't sweat it. ASND is just drifting with the rest of the NASDAQ. So an analyst predicted that tech stock would go down, so they're going down. I mean, if investors/traders think that either the tech's are going to go down or that others think so (and thus will sell), then they might sell. Sort of a self-fulfilling prophecy. I think that most folks had their pre-earnings Ascend positions lined up by the end of last week. I don't think we'll see a meaningful move in ASND price until after Q1 earnings are announced. Then, if Ascend makes or exceeds 0.25, some of the sceptics will be reassured enough to bid the stock up; others I think will wait for one more quarter, unless Q1 earning are very good. I'm not in love with this stock, but right now it is my longest position, all in LEAPs. So, Im hoping for a run-up too. I just don't think it will be this week, unless the NASDAQ leads the way. My 2 cents, FWIW.

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