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

To: Jeff Jordan who wrote (33777)	2/6/1998 8:48:00 PM
From: Glenn D. Rudolph	Respond to of 61433

1. Asnd over sold to begin with. 2. income/growth/current contracts/visiblity 3. new product development/delivery Jeff, I concur totally. Glenn

To: Jeff Jordan who wrote (33777)	2/6/1998 8:52:00 PM
From: Maverick	Read Replies (2) \| Respond to of 61433

Glenn, I totally agree ASND will not be near 40 by expiry. However, Its movement is a technical breakout. Based on the following fundamentals. 1. Asnd over sold to begin with. 2. income/growth/current contracts/visiblity 3. new product development/delivery I add another one. 4. Momentum players will flock back when they see ASND rises fast, especially above $38. ASND is used to be a favorite momentum play not too long ago. Remember NN was a momentum one as well when it had missed 3 qtrs in a row but its CEO talked up the stock by saying that ATM is growing fast and BB ratio > 1. NOt all investors are value, fundamentals players. Some are momentum, option, short, ...