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Technology Stocks : Ascend Communications (ASND)
ASND 203.20+1.1%3:07 PM EST

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To: Tim Luke who wrote (54123)9/13/1998 11:34:00 PM
From: George T. Santamaria  Read Replies (1) of 61433
 
You've heard me going on about ASND's downsides. I am still following this thread and have been terribly tempted to drop all that I've talked about and buy back in. I suspect that I will at some point.

You are absolutely right about the way this will work. If the LU ship does not arrive on time, the stock will drop like a rock.

ASND is getting a lot of strength but earnings for the next Q will come 2-3 wks into October and nothing will happen right away with LU.
Therefore, it's best for anyone planning to go long to wait it out-- at least until earnings come in.
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