Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.44

+1.9%

12:39 PM EST

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To: djane who wrote (46624)	5/11/1998 7:52:00 PM
From: Jeff Jordan	Read Replies (2) of 61433

At NetWorld+Interop, in Las Vegas, the M&A rumors churned nonstop. Why didn't I attend? I can clearly see everyone is overly optomistic. Yes, ASND is on track....WS is falling in love again...but, in my opinion we are fully valued at this point without a breather now it's all speculative trading. Yes, I still have my mother in the stock...she's not a trader. Yes, people bitched at me when I had her double up @ $23. I'm out...closed the last of my options today....I'm 98% cash. Since the market is cooling fast it would be my advice to set on the sidelines until 5/18 then jump back in...or buy calls. Tim has been great at calling interday the last few months....but in my opinion he can't pick top's or bottom's...no offense buddy your still my pal. I am certainly still bullish on ASND....I am just sounding a small warning, IMO we are not hitting 50 for at least 30 days. Long term investors should hold. Jeff

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