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

To: Captain James T. Kirk who wrote (22403)	11/10/1997 5:17:00 PM
From: Scott	Read Replies (2) \| Respond to of 61433

Why the stock is tanking- Simple answer more sellers than buyers-- also- 1. Management credibility 2. Slower growth 3. Lower margins 4. Competition 5. Insider selling 6. Product transition problems 7. Merger difficulties 8. Currency issues and asian exposure Just to name a few...Looks like enough reasons to me for the stock to be in the toilet...

To: Captain James T. Kirk who wrote (22403)	11/10/1997 5:29:00 PM
From: Chi-X	Read Replies (3) \| Respond to of 61433

More reasons why ASND is tanking (not covered by Scott): 1) No 56k standard established. ISP's fear buying modems that will be outdated when a true standard is released. 2) Go with CSCO or COMS; two companies that are more likely to be around 10 years from now with huge revenues that dwarf ASND. 3) Management warnings of poor growth next 2 quarters and finally 10% growth in last half of 98. 4) Around 10 or so downgrades last month. 5) Stock below 200/50/30 day moving averages. Not buy indicator. 6) Overhead resistance. For every uptick, lots of blood above trying to get out or less of a loss or break even. 7) ASND making new 2 year lows daily. Who wants to catch a falling kinfe? Cheers, Chi-X hath Spoken! "There shall be no bouncing, before its trouncing"