Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.98

+4.3%

Dec 11 3:59 PM EST

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To: H James Morris who wrote (33862)	2/7/1998 4:01:00 PM
From: sepku	of 61433

>>>Its nice to be long in a infavor stock like Asnd but it sucks to be short in a infavor like Csco.Back a few weeks ago I thought Csco had topped out, Shit did I get that wrong.<<< During the first week of January, I shorted CSCO for 2 days and exited quickly with a decent profit. Even though there was still another month until earnings, I didn't touch it again. Just looking back at its resiliency in the 2nd half of last year, a brutal time for networkers as a whole, speaks volumes of the strength supporting the stock price. When I shorted it, the market was undergoing another wave of fear over the Asian situation -- and scarcely any company, even the leaders, could weather such pessimism unscathed. So I knew I had the odds in my favor. Now the market is looking almost healthy again...and surely in such an atmosphere, shorting the industry leaders is not worth the risk. Look at how strongly MSFT, INTC, DELL, and CSCO have been performing over the past couple weeks. I'd wait for another bout of the Asian flu to hit before shorting any of these titans. Style Pts.

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