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

To: MR who wrote (25164)	12/2/1997 10:46:00 AM
From: Harold S.	Read Replies (1) \| Respond to of 61433

Ok here is my dilemma...I dumped my ASND today and jumped inot Cs with both feet at 17 5/8. Was this sheer stupidity or do i have a chance to save my ass?? Which is the better play for the next 2-3 months??

To: MR who wrote (25164)	12/2/1997 10:48:00 AM
From: Tim Luke	Read Replies (4) \| Respond to of 61433

You can forget about asnd getting above the mid thirties for many months to come. First off I don't think there will be a buyer for asnd anytime in the near future. Second, there are many shareholders who bought in at the mid 20's so they will be dumping this stock in the 25 - 30 range and that will keep asnd below 30 for the next few months. I thought asnd might do better after the first of the year but I really doubt that now. My take (even though I'm a day trader) for the next 12 are very bleak: 1.No takeover will happen 2.The stock will float between mid 20's and mid 30's for the year with a possible (small) high of 40. In other words this stock/management really sucks and I just can't wait to dump mine at 30.