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

To: Duke who wrote (26530)	12/5/1997 8:23:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 61433

Duke, This is way to risy for me so no I would not be a buyer. I still feel the stock will go back down to the mid-20's level next week. The "only" way asnd will stay above 30 is if they are bought out and even if they are it does'nt happen overnight. I will state this if there is no formal announcement this weekend I really doubt that it will happen. The real danger here is what will happen afterhours, it could open down+5 points easy. As I have said all along the ONLY reason for the price movement and volume is due to the rumor. You can forget about what Mory has said it will mean nothing if this fall through. ASND traded 30,000,000 shares today and many of those big block shares will get dumped. Everyone jumped on the Rumor Bandwagon today and if and when it falls apart everyone will want to jump off at the same time sending the stock crashing down. Be very careful!