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

To: Sriram S. Konkipudi who wrote (22980)11/12/1997 4:16:00 PM
From: joshi  Read Replies (2) | Respond to of 61433
 
Jonathann, catch up with the news. COMS isnt a better value. Got downgraded today. They were cought stuffing the channels with inventory and claiming it as earnings. The WILL be down to ASND's level real soon! ASND isnt over valued, Its over sold which is why I think it went up today. No one else was willing to sell it. Not even the shorts. Go figure. Goo luck all



To: Sriram S. Konkipudi who wrote (22980)11/12/1997 4:20:00 PM
From: Johnathan C. Doe  Read Replies (1) | Respond to of 61433
 
The stock is up on some time specific good news, but the current in the networking stocks is strongly down and Ascend will cave in and follow them right down further. I have maintained that Ascend would join FORE in the low teens. We will see where it ends up over the next several weeks. Consolidations in the ISP companies and other factors make Ascend the wrong stock at the wrong time for the current price.


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