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: sepku who wrote (27056)	12/8/1997 7:36:00 PM
From: hitesh puri	of 61433

Hi All, Just wanted to remind you of the bearish and doomsday scenario being portrayed by people on this thread a month ago. I clearly remember that more than a few had suggested getting out of this dog called ASND into PAIR because PAIR was being touted by a number of brokerage firms as a Strong Buy. Nobody was considering fundamentals, cash situations, revenues, PE's etc. Now see what has happened ... PAIR down 25% since then and ASND up 30% from that woeful day. Goes to show yet again : 1) Brokerage firms are not answerable to the public so their recommendations mean nothing in terms of the action they are taking. It could be based upon trades they did today or weeks before. 2) Nobody can time the market so always look at fundamentals. 3) Tech stocks are very volatile and fortunes reverse very fast. Specially for people who dont understand what they are doing in the first place. Good luck tomorrow. Hope we get some bargains again for the Nth time in 6 weeks. Same old story just different Villains. -hitesh

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