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Technology Stocks : Ascend Communications (ASND)
ASND 199.47+1.1%Nov 6 3:59 PM EST

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To: James J. Cramer who wrote (18961)10/24/1997 9:12:00 PM
From: Sector Investor  Read Replies (1) of 61433
 
I was looking back through your posts and don't think this initial
post has been addressed.

techstocks.com

Why DO they post negatively - bruised egos, bad trades or what?

This seems typical ANALyst and reporter behavior - very negative
on good companies when they are down near the bottom of their range,
and super bullish when they are near the top.

This is of course the opposite of what smart investors should be doing.

If thestreet.com has no axes to grind, why aren't they reporting
objectively (or do you think they are)? Q2 and Q3 were adversely impacted
by the 56K and 56K/TNT problems, but they appear behind ASND now. IMO,
with the NTT, UUNET and AGIS contracts, plus the Europe TNT revenue
that didn't get into Q3, Q4 should be an upside surprise (from lowered
estimates), so why is this not recognized?

Also, one of your posts mentioned ASND being a good buy when
it hits $30. Since it already did once, you must think ASND has not
bottomed yet? Do you think ASND will yet move lower?
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