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

To: Gary Korn who wrote (32986)	2/2/1998 11:00:00 PM
From: thebeach	Read Replies (2) \| Respond to of 61433

Gary, what is your take tomorrow? Will ASND go with NN down in the morn or will they buck it and rise further? iqc.com Here is todays charts ,they look very bullish with still more upside, any comments?

To: Gary Korn who wrote (32986)	2/3/1998 12:16:00 AM
From: Sure Thing	Read Replies (1) \| Respond to of 61433

Gary, I agree with you about my "favorite" stock statement. I try never to get emotionally tied to a stock. However, ASND did become a favorite of mine when it broke through $25. I have been building a core position. Reasons why I am holding a core position in ASND. * Possible Buy Out. * Ascend has a "Turn Around Story" to tell at conferences. * 2H "Double Digit Sequential Growth" * GX 550 "killer product" * Ashby's comment when asked about increasing Q4 earnings, "What's the point". ( Building Q1 backlog ) * Analyst sentiment has been changed to a "BUY". * Networking sector is down, it will rise. * 1999 upward earnings revisions. * Repricing employee stock options at $24. Reasons why I am trading around my core position. * The CSCO threat. * Market gyrations. * Slow growth 1H. This seems to be the story for Ascend. (IMO) I may not have it completely right, but ASND looks better to me than the other networking stocks. I can make money with this stock. - Sure Thing -