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


To: blankmind who wrote (40153)3/19/1998 2:56:00 PM
From: Jose A. Almodovar  Read Replies (1) | Respond to of 61433
 
Is it possible that ASND true market value is in the $30 - $32 and the market is reflecting that reality? IMHO asnd going from 25 - 38 was a combination of some positive news but mainly the buyout rumor. Recent announcements from Lucent and Nortel seem to have put a damper on any potential buyout and apparently it is being reflected in the price.

If the price is being manipulated by MM's for expiration on 3/20 as some have suggested then we are playing against a stacked deck. I do not like the odds.

Regards