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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: Harry Ehrlich who wrote (13738)9/20/1997 1:30:00 PM
From: Gary Korn   of 61433
 
Harry Ehrlich,

Thank you for your informative and nicely stated posts.

Tim Luke,

Don't kick yourself on your exit. You made a profit, and eliminated risk. You can't time the market perfectly. Nobody can. I know you will get back in ASND and other stocks and make more profits soon.

Glenn Rudolph,

Thanks for all the timely news posts. I don't need a news service, I can just read your posts!

Sector Investor,

It takes a big person to apologize. You did right by Casey. You are correct, too, that the 2cent/month issue cannot be much of an issue if management didn't warn. There may be a shortfall, there may not be, but if there is a shortfall it cannot be anywhere in the ballpark suggested by 2cents/month in July.

Thread,

I've not been talking about my ASND position because I've become supertitious about this issue (does that ever happen to any of you?) Also, lots of others on this thread have said everything I might say, and much, much more. Risking some negative consequences, I would say that the only real news remaining is earnings (at least this is news that one can predict will happen), and that the stock ought to be somewhat range-bound until earnings are released. Given the growth rate in this industry and the fact that ASND is a major player therein, I don't buy into the "dead cat bounce" theory, and I think that a retest of the low 30s (if it happens) would be a wonderful buying opportunity.

gary korn
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