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


To: jach who wrote (42292)4/6/1998 1:53:00 AM
From: Peter Yang  Read Replies (1) | Respond to of 61433
 
jach,

I agree that ASND is now fairly valued. It could go much higher if the general market keeps heating up. If DOW goes to 12000(not too high, consider it is about 30% higher than what we have now) this year, ASND could be 60 by the year end. The question is: do you really believe the market will keep going up without any major corrections this year???? I still believe any corrections for the market would bring ASND back to low 30s and low 30s for ASND is a GOOD BUY!