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

To: S. M. SAIFEE who wrote (30697)1/16/1998 10:08:00 AM
From: hitesh puri  Read Replies (1) | Respond to of 61433
 
It was very important for ASND to take the licking from 35 down to 23 in Nov and Dec last year. That flushed the weak hands and deep in profit (since IPO days) holders. Now the trend is back up and you will see how the upgrades start blooming since they have loaded up in the low 20's.
This morning was reminiscent of the earlier days where blocks of 100000 from momentum players were being bought one after the other.

-hitesh



To: S. M. SAIFEE who wrote (30697)1/16/1998 11:41:00 AM
From: blankmind  Respond to of 61433
 
1. the stock disappointed and asnd did a poor job of communicating the facts, erg a severe and well deserved beating.

2. now asnd communicating with the street and guiding estimates, ergo a rebound.

yes the pendulum normally swings to far each way, but asnd is coming back.


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