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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: Larry J. who wrote (23590)11/15/1997 1:56:00 PM
From: Jeff Jordan  Read Replies (1) of 61433
 
Larry,

could this be the reason for your picks?

The Winners

Fidelity Select Computers Fund [FDCPX] topped the specialty group with a
3.9% return. The fund held a number of companies operating in the
disk-drive business, which finally experienced a good day on Thursday.
Beaten down for some time, these companies finally rallied after Sands
Brothers upgraded Quantum [QNTM]. Quantum moved 2 7/8 to 28 5/8;
Read-Rite [RDRT] climbed 15/16 to 19; and Western Digital [WDC] jumped 1
3/16 to 21. The fund also held large stakes in Intel [INTC], up 3 1/8 to
77 15/16; Applied Magnetics [APM], up 13/16 to 17 1/16; and Ascend
Communications [ASND], up 11/16 to 24 3/8. Intel surged after announcing
it was extending its $420 million offer for Chips and Technologies [CHPS
] while the Federal Trade Commission studies the proposed acquisition.

I'm in the process of putting a small mortgage on my house for RMBS stock...I need $200K for a lot in Sedonna AZ. I figure in 2 yrs, that should about do it. But I want to go before that! I am very heavy in Intel, have been for awhile...I was going to sell some to buy RMBS, but Intel crashed before my $110 target. My timing is still off or the market just won't keep up with me.<g> I have my playing around money in ASND.

JJ
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