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

To: Johnathan C. Doe who wrote (20113)	10/31/1997 1:41:00 AM
From: sepku	Respond to of 61433

>>> I think we are headed to a DOW of 6300 before this is over.<<< I highly doubt that. I don't think we will break 7000. Style Pts.

To: Johnathan C. Doe who wrote (20113)	10/31/1997 2:18:00 AM
From: Augustus Gloop	Respond to of 61433

6300? I can't see that at all! As far as MM's being positive in an attempt to dump "their shares". I don't think you fully understand the role of a Market maker. Are you under the impression that they own asnd at 50,40,30 or otherwise? If so that is incorrect. They merley serve as a conduit between buyers and sellers thus making much of their money between the Bid/Ask price. They do have some stock on hand and will use it to short weak handed investors out of solid positions or hold long thus driving up the ask. They are not however sitting on shares of asnd or any other stock at 80 just trying to pump the stock up.

To: Johnathan C. Doe who wrote (20113)	10/31/1997 2:37:00 AM
From: Larry J.	Read Replies (1) \| Respond to of 61433

Jonathan, if you would not even be tempted to take a position in ASND unless it breaks $20, then you are obviously so utterly risk-aversive that you should probably stick your money in the bank! I'm assuming that you are looking @ PE ratios relative to this years earnings. It's time to look forward to '98. I havent checked lately, however, I recall the low range to be around $1.20 and the high still $1.80 or so. This puts the shares @ 24 - 36 assuming a PE of 20 x '98 earnings. I believe that a PE of 26 is more likely once things settle down and idiots (I mean analysts) figure out that the wheels have not fallen off. This scenario yields a share price of $31.20 - $46.80. I mean hell, even Tim Luke is beginning to sound bullish. What more could you want! Larry

To: Johnathan C. Doe who wrote (20113)	10/31/1997 11:47:00 AM
From: Ron Dior	Read Replies (1) \| Respond to of 61433

I'm curious on why you feel the DOW will head so low? The fundamentals are all in tact for a move much higher! Why do you stop at 6300? What is your reasoning for that figure? Why not 5300 or 4300. I think you should look back at when the market was at 6300 and you will see a HUGE difference in the economy and the market in general. We are at the begining of a new era where the average person will be making their own stock purchases and we will most definately continue to see more and more $$$$$ dumped into the marketplace! We are at the brink of a new age, lets not set us back 10 years! Just MO....! oh well Ron Dior