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


To: The Phoenix who wrote (41408)3/28/1998 12:13:00 PM
From: Greg Jung  Read Replies (7) | Respond to of 61433
 
The stock is rising on takeover speculation (imagined), not the expectations relative to their earnings. Holders of a presumed suitor do not believe it, otherwise we'd see somebody tanking.
Run-ups to earnings occur just prior to the fact, not two weeks in advance. I expect a selloff from this level consistent with the oscillating downtrend begining to appear in the chart. If it pushes to 40 the ball game changes a bit.

Greg