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


To: djane who wrote (50978)7/31/1998 2:43:00 PM
From: Finder  Read Replies (1) | Respond to of 61433
 
We are now within a 1/2 point of the low on the day. The fact that the company is silent makes rumor almost certainly true. No responsible company watches their stock lose 13% on a false rumor and says nothing.

I suspect damage will continue once merger is announced.

What a boneheaded move.



To: djane who wrote (50978)7/31/1998 2:44:00 PM
From: Augustus Gloop  Read Replies (2) | Respond to of 61433
 
I am watching all the transactions on my Time & Sale. While many small investors are selling off I see some rather large buys. These buys are coming from people "in the know" who don't just piss away money on a pure risk play......Keep your pants on.



To: djane who wrote (50978)7/31/1998 2:54:00 PM
From: Joseph Colombo  Read Replies (3) | Respond to of 61433
 
djane,
This is a pretty good sell off.

9:30am most of us thought that ASND's fundamentals looked good going forward.
That hasn't changed at all.

Now 12% down, and 5+ hours later the fundamentals are still good.

Even if the acquisition is going to happen, IMO the damage is done.

It looks like a good buy to me.

I say buy December calls. A few $$ will get you 5 months & the possible LU thing.

Just my opinion.

Joe