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

To: Sowbug who wrote (45875)	5/1/1998 6:54:00 PM
From: Darren	Read Replies (1) \| Respond to of 61433

In Reminiscences of a Stock Operator, the author notes that manipulators cannot keep a fundamentally strong company down in the long-term. Yes, they can shave 10%-20% off a stock price, but at that point, company insiders, who know the true value of the company, will step in and buy. If you believe ASND is fundamentally strong, and assuming the worst (that a skilled and tenacious group of manipulators is trying to depress the price), then the 5 percent drop off recent highs is simply a buying opportunity. Shorts can't depress a stock price over the long term. The company has depressed earnings coming in Q2 and it didn't have glowing earnings in Q1. I'm more inclined to think that what we are seeing is the funds running the price higher so they can sell out, and then the stock will find it's true price -- (+/-37.50). That plus the cloud of some type of technical correction looming on the horizon makes 43 an outstanding price to SELL. Previous to last week, I had it in a trading range of 31-41. I'm begging for the price to meet the fundamentals too, and I ain't long...yet.