Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

Dec 2 3:59 PM EST

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To: The Phoenix who wrote (43616)	4/10/1998 2:41:00 PM
From: devil ray	Read Replies (2) of 61433

I think you are right in being pessimistic about this stock.I for one was looking for .28 or better.So were a lot of the big boys.The whisper was .28 and they missed.The stock will be down significantly monday after a slight uptick right after the market opens.My guess is 13 to 17 million on the volume and a 35.5 stockprice by days end after a short dip to 33.All the money that was sunk into this thing expecting .28 or better is going to get sucked right out.All in all they MISSED the #'s the momentum investors were looking for.I wish I got rid of my calls when we hit 41.875 yesterday and bought some puts!The stock will languish until it is taken out by LU in the fall for about 42 a share.

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