Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: hpeace who wrote (15556)	9/30/1997 12:27:00 PM
From: Chuzzlewit	of 61433

Steve, I tend to pay very little attention to analysts' reco's. ASND is a perfect case in point. IMO, the only legitimate reasons for downgrading a stock are: either the forward-looking fundamentals have deteriorated or the price of the stock is too high in relationship to the stream of future earnings. The stream of downgrades came only after yesterday's warning. The real question that needs to answered is whether the warning reflects a one quarter problem or is a symptom of a deeper systemic problem that will persist well into the future. At this point, I believe the former. As to DELL, I have no doubt that the stock will experience a correction. As to when, and how big I have no idea. But I also have no doubt that it is an excellent long-term hold, and if it does correct in 1998, who will remember that in 2003? I believe that timing the market is futile (at least for me). Regards, Paul

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