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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%Dec 10 3:59 PM EST
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To: K.Martin who wrote (15612)9/30/1997 2:49:00 PM
From: Logain Ablar   of 61433
 
K. Martin

To the buy high and sell low club. I've been an active participant in the past but will wait on the sidelines a little longer. Why?

1) Too many times I bought when I thought bad news like yesterdays provided a buying opportunity. I was hoping to catch the stock at its bottom and really make a score when the stock started to move up. We'll too many times it was only the start of more bad news. I'd either hold forever (dead money) or sell at a substantial loss.

2) Company indicated more details will be released with earnings. In the past I've seen this bring an additional selling spree when the news is worse than expected.

3) After bad news I've seen analysts downgrades. Even though its expected with each one my holding would go down. Left me with a bad feeling plus less cash for future investing.

4) If this is the worst and the stock is back on its way to $50 what will I lose? I'll still have time go get on board @ 40 and participate. By $40 we'll have less risk.

5) Whats the current risk? Low $20's is the analyst comments regarding product performance and CSCO competition (tough to decipher whether this is the CSCO marketing machine). We can see this (another 25% decline from todays levels) if there is bad news in the earnings report.

6) A merger is never easy and we still have to see how well Cascade is performing.

Just my comments to those who are jumping on board saying its time to buy. I hope they are not sellers looking for buyers at this price. Just in my experience more times than not the stock will go lower than what you see on the day after bad news.

Look @ AET as a recent example.

Good luck in any decision.

Tim



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