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

To: sea_biscuit who wrote (21752)	11/7/1997 3:38:00 AM
From: Ashish	Read Replies (2) \| Respond to of 61433

How low will ascend go?? Got in at 41 and looking at the past trend, seems like selling at this stage will help cut losses :-). What do people on this thread think? Also, I have a lousy broker from A. G. Edwards. Someone on the thread please suggest some good tech stock broker in Bay Area. Thanks, Ashish

To: sea_biscuit who wrote (21752)	11/7/1997 8:18:00 AM
From: The BayWatcher	Respond to of 61433

Bought ASND at 54 and sold at 27? That's exactly what the MM want all of us to do so that they can scoop up ASND in low 20s. They'll scare you about exposure in Asia, Cisco infringing on ASND's turf, currency problems, MaxTNT overheating, and anything else they can think of to get you to sell. When COMS was falling last February, there was talk about an Intel chip that would put COMS out of business. Now it's ASND's turn. Heard the fear tactics on ALTR before, heard them about BAY, heard 'em bout COMS. When you're dealing with quality companies such as these, the only sure thing is that THEY WILL RECOVER IN LESS TIME THAN YOU THINK. 3 months from now, you'll be reading articles that the panic in ASND was "clearly overdone." By then, the Pirate ship and the Enterprise will be full of gold.