Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: djane who wrote (50276)	7/22/1998 5:42:00 PM
From: gbh	Read Replies (2) of 61433

djane, I have lightened substantially (I sold 200 at 54 1/2 yesterday) and currently hold just 200. So I too am looking for a lower re-entry. I will buy on any dips below 48 in hopes of accumulating a 400-500 share position again. I think they will be hard pressed to move higher from here without some type of news. I also don't think LU will buy them. So I guess, short-term, I'm not too bullish right now. But I do think we should see $60-62 by year-end on their own merits, if earnings fall into place. I also sold some CSCO to raise some cash. But I was left holding 400 CA today, which hurt very badly. I'm waiting for a little recovery rally before I toss in the towel on this one. Not fun to watch a $4000 gain become a $4000 loss overnight. :( Gary

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