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

To: uu who wrote (30416)	1/14/1998 6:18:00 PM
From: Inga	Read Replies (2) \| Respond to of 61433

Allow me to add a few lines here. Don't forget that ASND is a highly speculative stock (goes up fast, goes down even faster) and it has been a daytrader's stock for sometime. A recent case, INTC is down after earning and it was climbing for a few days before. Unless ASND really beats estimate (.28-.30 range) and Mory does not hold back good news of next few quarters, buyers in the range 28-30 may start a sell-off to keep their profits. A good case to study is WDC last July 16, its stock price climbed from 35-44 1/2 in just a few days and came back down to 36 after earnings were out and missed estimate by a penny even though management stated comfortable with that quarter. If ASND gets above 35 and gap open on Jan 20, I will buy some form of insurance to protect the ride from 28+. I will sell all shares and purchase Feb 35 calls just in case there is a pop the next day. You never know what is going to happen in the evening and the potential loss of profit is not worth the risk. Real profits are worth twice paper profits. Good luck at 35+. GO ASND finally!