Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Ms. X who wrote (20326)	11/1/1997 12:04:00 AM
From: sepku	Read Replies (2) of 61433

>>>My advice is to wait until the sector firms up and Ascend starts to look strong. Don't try to predict the bottom.<<< You forget that most of us are long and have been holding the stock for quite some time now. In my case, whether ASND ever hits below 25 or not, is not significant. I know the underlying fundamentals of ASND remain strong...and this bodes well for future appreciation. I use TA as well for psychological input...but it is near useless for my long-term holds beyond one month in duration due to unforeseen fundamental factors polluting the equations (such as this Asian crisis). Of course the current technicals are bearish...based on hindsight this comes as no surprise. Also, the sector has been in a slump for 9 months now...ASND has been beaten down so severely, if anything this could numb it to any further excessive damage the market deals out to the networkers. Multi billion $ corporations rich with cash, no debt, and great products, don't just fade away...they bounce back. Style Pts.

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