Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.43

-0.2%

Dec 23 3:59 PM EST

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To: blankmind who wrote (38573)	3/9/1998 7:44:00 PM
From: Jeff Jordan	of 61433

A SILVER LINING IN TECH DON'T PANIC! It's just the end of the tech sector -- or so it seems. The broad selloff in technology stocks following last week's dismal earnings pre-announcements by Compaq Computer (CPQ) and Intel (INTC) has had a back-draft effect, pulling down prices for tech stocks across the board. But rather than run for some defensive sector like consumer products or drugs, why not do a little bargain hunting. One sector in particular that may have been wrongly implicated during Monday's carnage is the community of contract manufacturers -- Jabil Circuit (JBIL), Solectron (SLR), Flextronics International (FLEXF), Smart Modular Technologies (SMOD), Adflex (AFLX), and DII Group (DIIG). All of them dropped more than 5% Monday in the 28% Nasdaq plummet. SMOD is way over sold! I can hardly believe it! I almost lost $5K in it today! but confirmation debacle saved my butt! Somehow I still made money today!<g> SMOD is a steal @ 22 3/8! It will return to $30 in no time. They beat earnings by 2cents! No justice in the world. Jeff Those April calls are looking pretty inviting! But I just got my butt kicked in March calls<g>

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