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

To: blankmind who wrote (39954)	3/18/1998 8:51:00 PM
From: Sure Thing	Read Replies (3) \| Respond to of 61433

The thread predicted a trading range of 32-37. Good call! Now that we are at the bottom of the trading range around 32, what has happened to the thread's conviction to buy? Let's assume we drop to 30 by Friday on no news, the next target will surely be 35 before earnings. So if you buy now at 32 your in the money. And if you are lucky, you might get 35 by Friday. Either way it looks like a good bet. I'll trade on this logic. I am long ASND. I have a huge core position. I am expecting ASND to be over 40 in July after a great Q2. ( The second quarter should have plenty of product announcements and deals to make it exciting. ) I will not trade my core position on this short term volatility. I plan to enjoy the satisfaction of watching this stock double this year. Hang in there LONGs, - Sure Thing -