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

To: sepku who wrote (21323)	11/5/1997 7:13:00 PM
From: sea_biscuit	Respond to of 61433

Well... if one of the jobs of the analysts is to drive ordinary investors crazy, I must admit that they have succeeded in doing so! :-) :-)

To: sepku who wrote (21323)	11/5/1997 7:20:00 PM
From: Roger A.	Respond to of 61433

I just wanted to say this is my first post ever to SI. Been reading posts for several months and couldn't hold back anylonger. I'm long in Ascend and don't really know that anyone knows where this is headed. I agree with the conventional wisdom that the ultimate long term trend of the stock market is up. Whether that holds up for individual issues such as Ascend remains to be seen. It seems from reading these posts that the sentiments change as readily as the weather, on an up day things seem to get rosy and on down days Ascend is the worst stock ever. All I know is that after doing some inexperienced TA is that Ascend usually only trades either up or down, it rarely holds at any value, such as 32 to 35 for more than a few days. There are no substantially long term holding values, i.e. several months as I've seen on many other stocks. It seems that when things seem to be their worst, presto the stock bounces back to regain most of it's lost value. It's chart is just peaks and valleys, no plains. I assume that this will be looked upon as just another valley in the life of Ascends trading, albeit one that brought the stock to recent new lows. What I'd like to hear from more savy investors is this: Is there any reason to believe that anything has fundamentally changed with this stock to bring it down to another Shiva or Fore? Or, as history shows us (standard disclaimer) can the bounce back be right around the corner? Thanks Roger Adami

To: sepku who wrote (21323)	11/6/1997 10:42:00 AM
From: sunfish	Read Replies (1) \| Respond to of 61433

Someone mentioned a few days ago that the analyst community was correct about collectively downgrading ASND in the high 40s following the 8K filing. I agree -- apparently there wasn't too much manipulation there among the 26 analysts. I don't pay that much attention to analyst, but the evidence you offer that they were "right" to downgrade argues to me that either 1) they have no clue as to where stocks are going (likely in most cases) or 2) they manipulate. Surely a downgrade AFTER a stock has lost 40% of its value is not a test of accuracy. How about a downgrade in the high 70's once in a while! The fact that ASND continued down to lose another 25% of its value is due to the momentum nature of trading in this stock and to the impact of the many downgrades that have occurred as the stock continued to fall. You can be sure that much of the smart money was LONG GONE when these downgrades started.