SI
SI
discoversearch

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)
ASND 219.98-0.3%10:45 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Purvesh Mankad who wrote (13248)9/17/1997 2:28:00 PM
From: Mr. Aloha   of 61433
 
It's important to remember that Mutual funds NEED to dump stocks..

that have questionable Quarters. If they don't and they take a larger hit, it screws up thier quarterly %'s and put's too much pressure on them. If they dump at the first sign of trouble, they KNOW they can get in IF the smoke clears and the company looks fine.

I think it's pretty obvious that's what just happened - A dump and run. Now we sit here at a two year low and alot of people are thinking to themselves - We can get in now and have a pretty decent chance of an increase versus a decrease - Bottom Buyers etc..

I've had my eye on ASND since 1995 and when I saw the opportunity to buy below $40, I KNEW it was a good purchase. It might take time to move back, but I feel it's a very safe investment given the growth of the market.

I mentioned on Saturday the company was probably going to make some announcements, and they sure as hell did. (Need to pat myself on the back). They're not going to let this slide destroy years of hard work without saying something.

I think we'll see an incredible increase in Revenue over the next 4 Quarters. I can live with a weak Quarter now, but I can't see it being the beginning of a trend. I've heard the same stupid comments made about INTEL. I view ASND as a $60 INTEL right now. Reminds me of the DEC lawsuit.

I'll be buying more if it goes to the low $30's again.

Aloha
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News