Ascend Communications (ASND) Message Board

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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: blankmind who wrote (43987)	4/13/1998 12:12:00 PM
From: Sowbug	Read Replies (1) of 61433

if i was guaranteed 12.5%, for 7 1/2 month investment, i would take it. Well, let me be a little more specific. If an analyst guaranteed me a $4-5 return on a $40 stock, I'd have to discount that heavily by the likelihood that the analyst would be wrong. I'm using "guarantee" in a loose sense -- not in the sense that the analyst would indemnify me against any share price below $45. If I were investing in certificates of deposit and found one that offered 12.5% for 7 months in this market, then yes, I'd take that. But you and I are investing in stocks, and trade higher risk for higher reward. And you and I are the audience this analyst was talking to. He's talking to relatively short-term investors in the U.S. stock market. So why bother to issue a buy recommendation with a $45 year-end price target on a $40 high-tech stock? RMBS or DCLK can do that in a day. N.B. I'm a bull speculator in ASND. My criticism of this analyst has nothing to do with my own opinion of ASND's future performance.

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