Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.75

+4.2%

3:12 PM EST

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To: Fen Rhodes who wrote (45393)	4/26/1998 8:09:00 PM
From: Roadkill	Read Replies (1) of 61433

>> I'm in at an average price of $44 and an wondering how far to stay with it on this run up. Any thoughts?<< Depends on your investment philosophy. This current market has thrown concepts of valuation out the window, so I look to sell based on technical factors. Heck, fundamental analysis would have scared me out of YHOO in the 50s. I never like to sell a stock in a strong uptrend, as ASND is currently in (BTW, I consider a basing stock still in an uptrend so long as resistance points aren't violated on big volume, or violated for more than a few days, and relative strength stays strong). Even with the imminent correction, ASND is likely to hold up better than most stocks. I hold a decent-sized position, but haven't sold a share. I'll start selling when (1) relative strength begins to lag; or (2) the stock becomes substantially overvalued, goes parabolic, etc. Good luck.

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