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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: Stephen M. DeMoss who wrote (36554)2/26/1998 10:02:00 PM
From: Jeff Jordan  Read Replies (3) of 61433
 
Out of curiosity, is there even one bear on this thread? When everyone is so bullish,
it actually probably means there will be a correction. Does everyone think the
market will continue straight up?

There is good reason everyone is so bullish. We ran all the bears off 60 days ago! Including JJCramer.<g>

Everyone here has been very well educated on the fundamentals behind Ascends products/earnings etc. The fact is management has guided the company very well and visibility is very clear now. The street is just now coming up to speed on what we all know very well here.

If anyone is bearish here its me...but I'm not really. I have been expecting a technical pullback for over a week. I now believe it isn't going to happen.

1. The current run has been gradual...and has been cautious. We have not had any large heated swings.

2. Again the rise is slow,because of visibility. The CFO has directed us that earnings growth will be sequential. I believe this rise has been in line with projections

3. Ascends products are proving themselves in the market. And current contracts/customers are strong.

4. The sentiment on the street is realizing ASND is a good stock to hold in '98

I can't imagine ASND giving up more than 2-3 points....Unless we have a major market correction. Even then this will be the first stock I run to.

Jeff
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