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: Sector Investor who wrote (27551)	12/11/1997 9:11:00 AM
From: Jerel Zoltick	Read Replies (1) of 61433

This could be a tough ride for the short term.... As I said before...the techs are usually over bought and are over sold. In the beginning of the year I bought VLSI at 10 5/8 and KLIC at 12 1/2 and sold both of the them with 3-4 months in the mid and upper 20s. These stocks are too volatile for long term holds. I bought LSI at 21 7/8 (prob too soon) but I will pick up ASND under 25, VLSI and KLIC in the teens, and CS below 14. These stocks will survive and do well but not for the next 6 weeks. When they stabilize, they will rise. It takes a strong stomach. I am lucky that >50% of my holdings are in the DRUGS with large postions in WWY (everybody chews gum)and the Baby Bells. good luck and hope.... Good Luck...

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