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Technology Stocks : Ascend Communications (ASND)
ASND 202.96-2.8%Jan 9 9:30 AM EST
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To: Kumar Nathan who wrote (12410)9/14/1997 4:58:00 PM
From: Kumar Nathan   of 61433
 
Hi Everybody: I have been following this guy Roger McNamee. He has been crowned as Peter Lynch of Tech Stocks. This guy is very high level and very knowledgeable. He has been consistently, for the past two months, been recommending Networking stocks especially, ASND, COMS and CSCO. I am quoting his exact words that was said 2 months ago " Current price level does not reflect the spectacular growth of this sector". That was the time when ASND was 57, COMS 57 and CSCO 80. This was said just two months ago. Since then this guy has been consistently and repeatedly is giving a buy recommendation of Networking stocks. I read in previous postings that he again termed networking as value stocks. I expect next week will be an up week for all networkers.

Another positive factor is Mory's presentation at a tech. conf. This is THE opportunity for him to clear the air. He has the power to swing the stock back to 55 level if he says the following words.

1. He is very comfortable with the "then" committed quarterly forecast

2. He can also say that US and SEA sales are robust.

3. Possibly some stock buy back program.

4. Some comfort words on Margin.

These words alone will move the stock close to 20-25 points upswing.

Let us see what Mory has to say. Currently people who are worst affected are MM. They took the risk and are bearing the pain. Since the attendees of this conf. are mainly MM. Above comfort points will cheer them and will instantly put them in profitable posititons.

Regards

Kumar.
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