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

To: Johnathan C. Doe who wrote (23064)	11/12/1997 9:45:00 PM
From: Larry J.	Read Replies (2) \| Respond to of 61433

<<<Sentiment is the whole story right now, not fundamentals and Ascend is an institutional favorite and there is room for a selldown that will be overdone.>>> And a move from $55 - $22.5 (59%) in 3 months is not a selldown? What you're suggesting (move to mid teens) is a complete and total meltdown. Highly unlikely. <<<Forward looking P/E's mean nothing if the next quarter is a disappointment in a killed market>>> Again!!!!!!!!! Ashby has stated that they will make estimates for the next quarter and all of '98. Sentiment is turning my friend. People don't forget ASND's original ride to $80, once its clear that ASND is alive well, kicking ass and taking names the money will flow back into ASND ane the price will soar. I hope you get burned. Larry