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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: Stephen M. DeMoss who wrote (36554)2/27/1998 12:25:00 AM
From: Gary Korn   of 61433
 
Out of curiosity, is there even one bear on this thread?

Stephen,

I'm quickly becoming a "short term" bear, for the market seems to have become too frothy too quickly. I may lose some upside potential, but I've been accumulating cash for the last week.

I continue to believe that certain stocks, like ASND, can outperform the market, but I am troubled by how far the market has moved in so short a time. At some point, some event, perhaps earnings disappointments, will cause at least a mild "correction."

The issue is how to stay in the outperformers, yet protect against that potential set-back. I don't like to buy puts (I'm always selling them), but I am now moving towards progressively more conservative positions.

Gary Korn
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