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

To: Elmer who wrote (29097)	1/1/1998 9:27:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

A third thing in our favor is the preponderance of negative Wall Street opinion on the stock. Most brokerage houses have downgraded the stock over the last four months. Now, if we don't get an early and negative announcement on earnings by Monday, I think you can assume that they will make their numbers. If so, one or more analysts may upgrade which will could cause a lot of the shorts to cover in a hurry. The heavy volume that we saw yesterday is what you might expect to see when a brokerage house positions its clients in advance of an upgrade. David, You made some excellent points all of with which I agree. The above is the most compelling in my opinion. I am looking for a decent bounce and feel reasonably secure no preannoucement will occur. Glenn