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

To: Jorj X Mckie who wrote (51027)	7/31/1998 3:25:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 61433

Yeah...I've got a limit in at 43 1/2.. Day order only..Don't think it's gonna click off though. Thanks man!!! OG/GB/Gary..

To: Jorj X Mckie who wrote (51027)	7/31/1998 3:34:00 PM
From: The Phoenix	Read Replies (3) \| Respond to of 61433

I was wrong... It clicked off. Bought at 43 1/2! OG

To: Jorj X Mckie who wrote (51027)	7/31/1998 4:38:00 PM
From: Judy	Read Replies (1) \| Respond to of 61433

Hi, Tom Under market pressure a stocks seeks its fair value, given one believes the market is an efficient pricing engine. ASND has been trading at a premium recently, the premium reflecting consistency in earnings it had the past two quarters and expectation of reliable forward guidance; being an attractive buyout candidate to a major telecom player like LU. The Straus deal would violate both prems. With consistency of earnings gone thru buyout dilution, ASND should trade at 48+ ... the 50-day ema. With the attraction of being a buyout candidate highly diminished, ASND should trade down to its 200-day ema at 42+. Major supports usually reflect fundamentals, a coupling of TA/FA. As an aside, Mory is just not to be trusted. I voiced that opinion previously, I reiterate it again. That he may be a nice guy means squat.