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

To: Gary Korn who wrote (22375)	11/10/1997 3:44:00 PM
From: Chi-X	Read Replies (1) \| Respond to of 61433

Gary, ASND looks pretty fried. Prospects for the next 2 Q's are poor. There is no reason to buy it unless you plan to hold it until Summer 1998 when ASND, the company, starts hitting double digit growth. For most traders, they can't wait that long. They prefer to wait to buy ASND when the general market heads upward. They don't care if they miss the bottom and have to buy at $25, $27, $29... at least they don't get fried trying to pick the bottom. Buying ASND in a down market and poor outlook provides little reason to pick up any shares. Cheers, Chi-X hath Spoken! "There shall be no wine, before its time."