Ascend Communications (ASND) Message Board

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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: Jeffrey L. Henken who wrote (24716)	11/26/1997 8:07:00 AM
From: Pullin-GS	of 61433

In all honesty, I dumped long, rode the NN short for about $1, and bailed. Was not worth the heartburn. It was just to risky going against the grain at the time. :-( No recommendations from me today. I don't often give them. But here are some observations that you probably have noted already: OZON was a day-trade for me. Just a GREAT momentum play fueled by a great rumor. I sold 10 minutes before close on the day I bought. I don't know much about them...except that they have compitition, and a hot concept/product right now. I don't plan on holding OZON as an investment. As far as NN is concerned....they are feeling the Networker squeeze that everyone else has felt for some time now. I would not add to my position (if I held). It would be a bad time to sell, except maybe in the morning. That is a tough call to make when holding after an earnings report. So for a long term perspective...it may be best to just wait out the effects of earnings, and then re-evaluate a position in NN. Not implying sell or buy....just study NN and how it sits in the current market overal and relative to the other networkers. I'm holding only 4 stocks long right now (not including some paper that I plan to loss-sell next year....2 casualties of poor-judgement/aggressive-short-term-investing<G>). AT&T, CISCO, Infoseek, INDV). Regards, Paul

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