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


To: Eric E who wrote (42809)4/8/1998 12:22:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 61433
 
I doubt that you will see 35 after earnings, I think it may touch 38 again but 40 is my base target. In my opinion I think it would be a mistake to sell before the earnings.

make your own choice!



To: Eric E who wrote (42809)4/8/1998 12:35:00 PM
From: Joseph Colombo  Read Replies (1) | Respond to of 61433
 
<<I realize timing is difficult but I see an opportunity and would appreciate anyone's advice as to my strategy. I just don't want it to take off after earnings if I follow this strategy because I definitely believe in this company long term. I just want to try and play the dips.>>

Eric E,

My opinion is as good or bad as the next guy, but I look at it like this.
We have waited three months for the earnings go come out. I don't think anyone would have stayed in this long if they didn't think ASND would meet the estimates. That said, to me it would be silly to get out hours before they announce.
If they meet or exceed, the stock will go higher. I would think mid forties.
If they don't meet, it will probably go down between 2 & 4 points.

I like the gamble. I have had worst odds with this company for the last three quarters.

Just my opinion.
Joe