Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.41

+1.4%

1:36 PM EST

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To: Warren Gates who wrote (59184)	1/15/1999 1:58:00 AM
From: Alok Sinha	Read Replies (1) of 61433

With Brazil looming on the horizon, I doubt LU will reach 120. I am quite happy with ASND in the 80s for now (having bought in the 30s). Intel had blow-out earnings, and you can see how the stock has been under pressure due to profit-taking. In this market I don'think blow-out earnings is a guarantee for anything. I do agree that the arb difference will come down. But don't be surprise to see LU in double digits agin if the market remains under pressure. That would b a great buying oportunity. Alok

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