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

To: john dodson who wrote (40422)	3/20/1998 11:19:00 PM
From: Chris Ariens	Respond to of 61433

Re: I agree that a warning will let us see the 20's again I think a warning might just send this stock down to the low TEENS within a month. Right now there are too many investors who got in at 40, 50, or higher who are holding on only due to the gains the stock has made this year. If it drops down to the 20's, IMHO it will NOT stop there, but bleed tremendously from long-term holders giving up. The CEO and CFO both publicly and privately stated that this quarter's numbers would be met, their credibility to get people to buy would be totally shot. The eternal optimist, I believe that the company will be OK, and the new orders coming in will allow for upward revisions of estimates down the road and might allow it to get to the 40's this year. But the probability of that happening is lowered, due to the overheating in the market right now. Personally, I'm waiting for a short-term pre-earnings jump to around 33 so I can sell the call options I have amassed (at a loss) and then get outta Dodge.