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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: djane who wrote (39522)3/17/1998 12:30:00 PM
From: MStonek   of 61433
 
djane,

I agree with you w/ respect of that moron on CNBC this morning. He was a "quant", just number cruncher, he doesn't look at fundamentals. He didn't like CS because analysts were downgrading estimates, but he liked CSCO and BAY(?).

I prefer to buy a stock with a P/E higher than its growth rate and the estimates being raised than the other way around. Soon growth will catch up with the price. That is clearly the situation with ASND.
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