Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: djane who wrote (50218)	7/20/1998 8:23:00 AM
From: Joseph Pareti	of 61433

i don't believe (and don't understand ) TA because it basically tells you to do what everybody else does. I like instead the notion that "the stock market doesn't exist " (The Warren Buffett way) cyberhaven.com if there was any money at all to be made with ASND that was 8 months ago at $22 when the world was dumping the stock with abandon. I was long there but didn't go any longer, that would have been the acid test for the real investor. Easy going now for the "analysts" that scream "strong buy " today. Why is p/e 50 a strong buy ? because csco is trading at 100 times earnings ? do I miss anything ?

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