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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Do who wrote (19472)10/28/1997 5:41:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 61433
 
I don't know? Patience is always rewarding? It looks like there is alot of pinned up interest in ASND? By the end of the week you'll think yesterday didn't even happen? Bid size on ASND 99X86 at close.

Options in everything look attractive. I'm buying Nov30calls in Ascend.

Here's todays TOP50 from PBS...lets see if this link works?
206.7.107.50

The curious thing is: look at todays dow/nazdaq volume vs the price swings? the volume was about 1/3.....so tomorrow should be a little better after todays reassuring bounce.

Tim, You may be in worse shape than before concerning ASND hitting $40 before yr end. Its only 10 pts away today? There will be more money entering the market now that we have had a correction! And alot of them will look at ASND as a beaten down stock and consider it a good buy!!!

JJ



To: Michael Do who wrote (19472)10/28/1997 7:48:00 PM
From: Mike Whalen  Respond to of 61433
 
Agreed - for the time being, it may SEEM like a dog. But, give this bad boy until Thanksgiving and come and look back at this post. It WILL be back at $35 in three weeks. If you look at the technical analysis (which is what I do for a living), this stock is scraping the bottom of almost every chart.

The time to buy is NOW. You can thank me later.

mike


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