Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Jeff Jordan who wrote (31614)	1/22/1998 6:59:00 PM
From: pat mudge	Read Replies (3) of 61433

[Asian jitters] Jeff -- I understand why you're nervous about Asia, but my hesitation in stepping to the sides is two fold: one, I'm expecting a lot of press surrounding ComNet, and two, there's a lot of money still on the sides waiting for the first sign of a rebound. Once it starts pouring in, you'll be out a couple points before you can blink. Did you hear Barton Biggs today? I thought he was a curmudgeon and there he was talking about the market being over-sold and the bull ready to run again as soon as the Street realized it had over-reacted to Asia. This is the same guy who made me furious over a year ago when he said telecommunications wouldn't rebound for a year or more. Which all goes to say I'm sitting on the fence. Still in, but watchful. Later -- Pat

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