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

To: Jack Colton who wrote (41372)	3/28/1998 12:01:00 AM
From: gbh	Respond to of 61433

Jack, hopefully the half point will mean little to the overall picture. I too have been awfully tempted to take some money off the table the last two days, but have resisted (not at all sure this is the right decision). It just seems to me that the few days have seen of combination of factors playing into ASND's share price: 1) Rotation from COMS, BAY, and NN into ASND and CSCO. ASND and CSCO appear to be the only two data networkers who will not disappoint this quarter, with ASND being the better short term value. 2) The beginnings of a short squeeze. As the warning period passes (I think there could be 1-2 more days where a warning could occur, but at this point it is highly unlikely), and the reality of meeting the quarter number sets in, the shorts will begin to cover quickly. We saw this today perhaps at the end of the day, and during the brief dip below 36. 3) This Monday announcement of Voice over iP capability should just feed the frenzy. Lets hope its another fun week ahead.