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


To: Jan Crawley who wrote (39616)3/17/1998 4:46:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 61433
 
Ouch. Someone just dumped Bay @ $24. Tonight aftermarket might get ugly. (How much uglier can it get for Ascend? Don't even think about answering that.)



To: Jan Crawley who wrote (39616)3/17/1998 5:40:00 PM
From: AlanH  Read Replies (1) | Respond to of 61433
 
Where will it settle then. Your opinion please.

How did I know you'd ask? Not to sound cagy, but I'd prefer not to offer a specific price-point. (There's always some fraction of the population which reacts without doing any homework; the result is generally frustrating.)

My hunch (without the prior benefit of BAY's revelation) is that ASND continues down from here. The hunch is purely technical, not based on any fundamentals.

Good luck, and keep some green in yer pockets.



To: Jan Crawley who wrote (39616)3/19/1998 5:08:00 PM
From: S. M. SAIFEE  Read Replies (1) | Respond to of 61433
 
Jan,

You wanted to join the party, did you buy today @ 31 1/2? I see gap up opening tomorrow. We stayed above 32 3/8 support level. Today was another warning from ROK and ASND came back in plus territory.. bullish. No way this stock is in down trend. If ASND meets or beats the estimate then PE multiple should expand.