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

To: sunfish who wrote (20237)	10/31/1997 1:19:00 PM
From: Tim Luke	Respond to of 61433

27 1/16 + 11/16...Like I said "The Bottom".

To: sunfish who wrote (20237)	10/31/1997 3:51:00 PM
From: Jason W.	Respond to of 61433

Sunfish: I hope for your sake that you're right and my sales do mark the bottom. But I don't think so. I've done very well with ASND in the last few years. But now I've concluded that the Company won't be able to pull itself out of the tailspin in the near term, which is where your hope lies. The intermediate term is brighter, but not by much, and certainly not enough to warrant the high PE. And in the near term watch out below if the market goes through another significant downdraft. ASND simply does not show support. Even today, when the NAZ is up about +20, ASND is up about +1/2 and its struggling to keep that. Tell me, when you look at the chart where do you see the next support level? Or more appropriately, perhaps, where do you hope the next support level is? Are you willing to ride this one down into the low 20s? or the high teens? Remember, they don't call them "screaming buys" because everyone is happy with the price; its more from the sound of the shareholders that bought above that price and held it as it tanked. In the cold light of day I can't convince myself to stay in a "wildly depressed stock" (your characterization, not mine) simply because the price is low and trending lower. Good luck. JasonW