Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kid Rock who wrote (20177)	10/31/1997 10:26:00 AM
From: gerard mangiardi	Read Replies (1) \| Respond to of 61433

The stock is at a level where I expect to see analysts upgrading based on price. As for the funds I would expect to see accumulation starting next week as they enter a new quarter. We may see some buying this afternoon. I'm a long term investor and certainly wouldn't try to trade on any of this.

To: Kid Rock who wrote (20177)	10/31/1997 11:05:00 AM
From: Jason W.	Read Replies (1) \| Respond to of 61433

Thomas: I have to say, I'm impressed by the loyalty shown on this thread, but in my opinion it's misplaced. I've held ASND fro more than 2 years and have recently unloaded most of my position. Here's why: 1. Management has lost all credibility with me. For example, when the Company says it will tell analysts how sales are going on an on-going basis, then doesn't follow through, something smells. Does this remind anyone of the deafening silence last quarter when questions came up about Europe? Does this remind anybody of other tight-lipped CEOs who don't communicate with the Street, then drop a bombshell (for example, APM)? Why would I want to stay with a Company when I can't tell how its doing? 2. Insiders are selling. I understand the concept of diversification, so don't respond with that garbage. When the CFO lays off more than 160,000 shares (see the Form 144 filings for October) at a price of $33, something smells. I don't believe it's because he wants to buy a bigger house or diversify his investments. 3. The stock is in a severe downtrend. To reverse a major downtrend, you have to have some major event like outstanding earnings (not due out for another 3 months) or the resignation of a disliked CEO (we can only hope). When positive announcements don't shake the downtrend, and negative announcements (USWest/PAIR for example) drive the stock down strongly, something smells. 4. The Company is stumbling badly. Lingering problems in Europe (has anyone from the Company said that the problems in Europe have been solved? Not to my knowledge). Significant downside exposure in the Far East. Remember when CSCO and COMS said that Japan and the Far East were slowing down. ASND said "no problem", but I don't believe ASND will not be affected. Something smells. So, I've concluded that buying and/or staying in ASND at this point is speculation, not investing. Sure, the downside may be "limited", but why would I want to stay around for the last 3 (or 5 or 7) point decline waiting for a bottom, then it has to base, then it has to turnaround. I like ASND and its product mix and its prospects, and I hope for all those long ASND that I've picked the bottom to get out. I've been know to do that before. ;^) But I think it makes more sense to wait on the sidelines until the Company actually shows me a reason to come back in the game. Good luck to you all (especially Andie) with your roll of the dice. JasonW