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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Douglas V. Fant who wrote (19938)10/30/1997 6:44:00 PM
From: yojim  Read Replies (1) of 61433
 
Doug,

I agree. We seem to be buying the same stocks. I bought within the last 5 minutes of closing @26 7/16. This is a great company that sacrificed current earnings to aquire companies that will position them for improved market share and future profit. When I look at their sales gains so far this year, I do not see a fundamental reason for this price. I strongly agree with Tim that we are near the bottom and if we miss it by a few points, a few months for now, I will have to look up what the absolute bottom was. If I traded options I would view it differently.

Happy hunting,

jim
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