Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: thebeach who wrote (55391)	10/7/1998 1:44:00 AM
From: James A. Venooker	Read Replies (1) of 61433

Dear beach, Without question I believe ASND will be bought out. ASND's recent ride down seems to be a clear and present danger. If I were a technical analyst (which I am not), I would say "someone" is manipulating ASND. Obviously, the cheaper ASND is the better for LU shareholders. These past few days have been the first that LU and ASND have NOT mirrored eachother. LU is 60, which should make ASND between 42-44, not 35ish. It would seem the next crucial date for ASND in OCT 19, earnings report. I believe ASND will beat estimates by 2-3 cents. As for the recent performance of the stock, I would say it is "clearing out the suckers." I would be a buyer of ASND if I had any $$ on the sidelines, but I don't. 34 should be bottom for ASND, from there we should see a nice bounce back to the low 40's...then who knows. This stock is not for the weak at heart! Take care, Jamie

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