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

To: Jack Colton who wrote (41212)3/26/1998 4:05:00 PM
From: C E D  Respond to of 61433
 
Jan,
I think ASND will be back in the low 30s at least one more time before moving up into the 40s to stay for a while. I think it will be next week, during a rebound in the dow.
Jack

Jan, Jack,

The above looks right to me also, I am not a trader, but sold 1/3 of my ASND today at $36. Also bought DEC today on the basis that the takeover offer from CPQ is one share of CPQ and $30 for each share of DEC, at this mornings prices this made the price of CPQ $5 cheaper than market(CPQ $26, DEC $51, my finial was alittle under $5 as the prices moved around), of course if the deal fails it might not look so good. EEU approved the deal in Europe, both parties say the deal is on track, not for everyone but I liked it.

Regards,

Ed



To: Jack Colton who wrote (41212)3/26/1998 4:32:00 PM
From: gbh  Read Replies (2) | Respond to of 61433
 
Jack, barring a warning, which looks less and less likely, or a major market correction, ASND will not see low 30's before earnings. Will almost certainly see them if we come up .01 short though, even lower perhaps, IMHO.

Sounds like your short????


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