Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tim Luke who wrote (52647)	8/24/1998 10:59:00 AM
From: Edward J. Edwards, III	Read Replies (1) \| Respond to of 61433

Asnd has a history of trading down following options expiration. IMHO Ted

To: Tim Luke who wrote (52647)	8/24/1998 11:23:00 AM
From: Jeff Jordan	Respond to of 61433

I think it's jittery investors. I bot back my trading shares today @ 43 5/8...I guess I should have sld my core position to I would have saved a few bucks? Day traders have to like this volatility. Jeff

To: Tim Luke who wrote (52647)	8/24/1998 11:44:00 AM
From: Souze	Respond to of 61433

Tim, Keep up the good work. Take ASND's price down as low as you can <g> - you're not the only one you wants a low entry point!. And keep it there for at least two weeks; I figure it will take at least that long to open a new brokerage account. I'm opening the new account solely to buy ASND Jan 45 Calls outside my IRA; all my trading up to this point has been under an IRA umbrella. I see ASND's price pushing $100 by year end. Why? 1) Ascend's 3rd qtr will be great; 2) Lucent will reach a buyout agreement with Ascend management; 3) buy-out price will be north of $80/share, probably a one-for-one share exchange. 50 multiple x (1.60-1.72/'99 earnings) = $80-86. 50ish multiple is very possible due to need for enticement. This will be a buy-out, not a rescue. At mid $80's share price, might as well make it one for one. 4) the 'street' will love this merger. LU's price (hence ASND's) will push $100. As an aside, I view Mory's comments about upcoming acquisitions as neutral. The timeframe given, 3-6 months out, is after Oct 1, thus giving time to see if an LU bid materializes before buying anything. He's running a business. He cann't sit back and count on a proposal from Lucent; he has to plan as if that bid is not going to happen, at the same time keeping the door open for it to happen. Just my opinions. View them as counterpoints to your points. They are sincere, as I trust yours are also. Only thing for sure is that we cann't both be right. Good investing, Souze