Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Think4Yourself who wrote (27836)	12/13/1997 3:52:00 PM
From: satish kamat	Read Replies (1) of 61433

OFF TOPIC <Kind of odd that they would think CSCO is oversold.> Remeber JJ Cramer touting two weeks ago CSCO as a one of the stocks to hold for next 5 years, and then early last week went on record saying he sold of every last share he owned. Remember Fidelity Magellan manager Jeff and his favorite MU? Remember that their objective is to get best returns for their investors, not for people who don't pay them. (I am not discussing right or wrong, only the reality of jungle.) Selling in CSCO started earlier than people expected. I sold mine in Feb 97. Everybody wanted to hold on for Jan 98 so as to delay taxes on huge capital gains. That's why everybody was pumping it. Momentum guys were loving it. They knew money managers were picking up CSCO so that retail selling does not escalates. I think the mother of selling in CSCO will be after new year.

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