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Technology Stocks : Ascend Communications (ASND)
ASND 215.19+3.0%Jan 13 3:59 PM EST

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To: Chuzzlewit who wrote (7101)7/21/1997 8:40:00 AM
From: Pullin-GS   of 61433
 
T/A is superfluous.
Why?
I have seen you refute several times, but have provided no basis for your conclusions. I am interested in your thoughts.
Every fundamentally strong stock I invest in (long term or otherwise) I utilize TA as a tool for entry and exit.

Good luck with your investments...it appears you have done very well utilizing FA alone. That speaks for FA and your skills.
However TA does have it's rewards as well. Statisticly speaking I can verify that. I had a very good year last year, and this year was excellent as well until about April or so, where I have only been able to keep up with the market (from april until now), not surpass it. Granted the tax man gets a big cut, that (especially compounded anuually) hurts. I do have stock picks that I hold for extended periods....one is CSCO, for which I have had a position since 1993.
I am not a pure technician, but I am a big fan of it. <G>

Cheers...PRB
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