Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Joseph Pareti who wrote (49126)	6/22/1998 11:26:00 AM
From: gbh	Read Replies (2) of 61433

Joseph, I think the run to 51+ last week was merger hype/hope. Now that Ericcson has quelled those rumors, the stock is settling back to a more comfortable support level. I think this level (48-50) still includes a takeover premium, but not the frantic one we saw last week, when it looked like a takeover could be announced at any time. The quarter is coming to a close, so now it would seems earnings hype/hope will come to forefront. I think we need a nice upside surprise (>.02) to hold the current level. Gary

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