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

To: gbh who wrote (40390)	3/20/1998 4:13:00 PM
From: getgo234	Read Replies (2) \| Respond to of 61433

Following BAY's example from earlier this week, ASND should preannounce a disappointing quarter and simultaneously state that the next quarter looks quite good. A big risk however is does the CEO of ASND have the same level of credibility as the CEO of BAY ?

To: gbh who wrote (40390)	3/20/1998 4:16:00 PM
From: Peter Yang	Read Replies (1) \| Respond to of 61433

>> I for one am not convinced that just making this quarter will do anything to the price of the stock. On the other hand, missing by even a little (I don't want to think about it). With the action of the past few days, one has to ask is there more short term downside than upside?<< It's Okay for other companies to miss a little, but if ASND misses it will get killed. From the action in past few days, it seems ASND has strong support around 32. If ASND is not getting caught in a general market correction (or profit-taking, whatever you want call it) and everyone believes it will make the quarter, we should see it rise again from Monday and we might get to 35 or a little above again before the earning release.