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

To: Tim Luke who wrote (22360)	11/10/1997 3:15:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

ASND WII SEE 30 BEFORE TEENS! Tim, I don't agree. I believe ASND will be in the 40s before teens (per acquisition). <G> Hey, it's nice to see you posting again. Gary Korn

To: Tim Luke who wrote (22360)	11/10/1997 3:21:00 PM
From: Inga	Respond to of 61433

In this unstable stock market, nobody can really tell what is going to happen next. I think your guess is good as anybody's guesses. You have made more right than wrong calls. I just hope and pray that you are right this time. However, the way the market is going right now, probably all ASND investors are forced turning into blind people in the dark until December earnings are out. There are almost 36 trading days left with very high possibility of no upgrades from any brokerage houses and therefore no reason for any surprise stock price appreciation until first week of January. All positive news (mostly technical) do not help the stock price since they do not reduce the uncertainties of future earnings. We might lose 1 to 1 1/2 dollars every 5 days from now which may make the bottom price at 16-19 around the end of December. Unfortunately, I have a very large position purchased at 40+ and 50+. I now start to think about trading when the stock gaps up at open and down at the end of the day to regain perhaps 1-1 1/2 dollars every 5 days or so if I am lucky. I think that the word "LUCK" has long been erased from my dictionary. Maybe I should try only 1/3 of my holdings just in case the stock pops due to some surprised activity and make sure that I have purchased back at the end of the day so that I would not miss any next day's gap up. Thanks for your past info and contribution to the thread. Cheers.