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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST
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To: Mighty Mizzou who wrote (55372)10/6/1998 9:06:00 PM
From: polarisnh   of 61433
 
Mighty Mizzou,

Here, Here!!! That was great!!! I agree with you 100%! If I could afford to investment for than what I already have in the market I would. I firmly agree that Ascend will soar again soon with or without a merger and all of the gloom and doom sayers will be kicking themselves in the ole keister for missing the last great rebound in this US bull market of this century.

I have been told that the last stages of any correction occur when the bellwethers of the market like Cisco and Microsoft have their prices trimmed and not before. Why? Because they are always the strongest stocks in the market and it takes an extremely strong sentiment against them to bring them down. That is what is happening right now. Does anybody for one minute actually believe that Cisco is going to receive anything but a slap on the wrists for their alleged mishaps by the FTC. Get real! That is old news. There was considerable press that disclosed the Cisco-Lucent-Nortel discussions when they were talking. This latest batch of press releases were simply placed at the opportune time to cause a final sell off in Cisco to get them in line with the rest of the sector. No more, no less! I agree that they are still the bloated pig in this industry but their track record placed them there. It took a tremendous sell off to set the stage for Cisco's sell off and I guarantee that they will lead the charge back when investor sentiment returns in favor. Not because I am a big fan of their products and services but they are the biggest player out there and they have street recognization. Obviously, if they preannounce then all bets are off.

Luck luck investing,

Steve
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