Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 223.68

+0.7%

11:50 AM EST

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To: Mark Duper who wrote (46214)	5/7/1998 10:40:00 PM
From: Sector Investor	Read Replies (1) of 61433

<<If you honestly believe ASND will drop below $40, all the power to you. I just think you'll be waiting a long long time to pick up the shares. Possibly until ASND splits next year!! >> Mark, I'm as bullish on ASND as anyone, but if you don't think ASND could fall below $40, you are fooling yourself. ASND will probably rise tomorrow, but if the Employment numbers come in tomorrow morning worse than expected, there could be a big selloff tomorrow - and anything is possible. Take it from a guy who rode this stock all the way from $38 to $59 to $22.50 in 6 months. Fortunately I tripled up in the mid-$20s and low $30s, plus calls, so I'm not hurting. But don't think it can't happen again, don't you remember the big selloff from $39 to $32 just last month?

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