Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: devil ray who wrote (42445)	4/6/1998 11:02:00 PM
From: MMW	Read Replies (1) of 61433

I don't really care whether ASND goes over 40 or not after it release its earning. The bottom line is I am not going sell it until I see it starts to show the deterioration of its fundamentals or 20% overprice. The reason for doing this is following: 1) For long term, this is basically a bull market. The boomers are saving for the retirement. 2) ASND comes from bottom with improved fundamentals. The stock price average is moving higher and higher over time. 3) I went through the down turn with ASND and my price average is around $29.75. I feel pretty comfortable with its current standing. Looking at longer term in two years time frame, I hope the stock may be doubled what it is now. By that time, it becomes much simpler problem to solve. Sell it for large profit and less taxes. So, why we should worry about day to day price fluctuation. Just sit tied and ride through this coming correction. Just my two sense. Cheers, Mike

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