Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: yard_man who wrote (19692)	10/29/1997 3:44:00 PM
From: Jeff Mills	Read Replies (1) of 61433

I think this week is a total washout. I would not be buying any techs for the remainder of this week. People are trading on emotion right now, not anything fundamental/logical. People are forgetting that the 4th Q is the very best for high tech companies. This week is not really worth watching, until the dust settles. By then, stocks you like may be alot cheaper. PS--I am not short or long ASND or CSCO. But, I will say Cisco looks very overvalued to me, and if you have patience one could see a nice 10-20% correction in that stock on the short side. I would not be buying Cisco at these prices. I would/am considering ASND though. PSS--I think its going to take some big house upgrades to get buyers interested in ASND once again.

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