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

To: Gullapalli who wrote (46515)	5/10/1998 6:58:00 PM
From: Darren	Respond to of 61433

Darren, On a positive note, Smart Money site listed ASND high on Lucent's acquisition targets. I am expecting ASND to reach 55 by 6/30 and 75 by 12/31. Do you think there is enough fizz in this stock to make it to the top? Does anyone know if Mr. Deshponde (ex-CEO of Cascade) is still involved with ASND? As you have probably followed, I am one of the few, maybe the only, person who believes ASND is going down for the short term. Those are lofty targets, but I am happy to see any stock triple in a year. Realistically, I think there is too much interest in the May 40 Put to say 50 is possible this week, especially after 2 points on CSCO's earnings and 3 points on an upgrade. My only hope is that the market moves this week and doesn't spin it's wheels waiting for the Fed to deliver, either way. Food for thought: We were hypothesizing the other day a nightmare scenario: what if you were short on a stock and it was bought/merged/whatever with a bigger parent to be? Of course, the stock would fly up, and you would feel doomed. But, if you waited 6 months for earnings to take over and eventually owned borrowed shares on the parent (in this case LU), do you think you could get out flat assuming you could handle the potential ulcers? Is such a scenario possible with a short position?