Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.74

+2.0%

2:20 PM EST

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To: Joseph Pareti who wrote (18816)	10/28/1997 8:30:00 AM
From: Sector Investor	Read Replies (2) of 61433

<<For as simple as it looks like there is only one way to make money and that is 'buy low and sell high' and it is amazing how many people will NEVER grasp it.>> Yes. I fully agree. Most of the people selling the last three days, took losses or severely degraded profits and in "the flight to quality" will move into 6% bonds. They will stay there for several months, licking their wounds, while others move in and pick up the bargains. In a few months when prices are higher again, they will tire of 6% and buy some ANALyst recently upgraded stock, which will be near a cyclical peak ... and the beat goes on and on and on ...

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