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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST

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To: Darren who wrote (46416)5/9/1998 1:26:00 PM
From: Bindusagar Reddy  Read Replies (1) of 61433
 
Darren, it looks like you missed the boat on ASND and waiting for a pullback to get in. I don't think you are short. FYI wallstreet, especially big institutions value growth companies based on future not looking past 12 months. They do not drive looking in rear view mirrors. In fact great growth companies always carry high PEs. Low PE companies have low PE for a good reason. Their PE remains low all,the time.

If earnings explode PE ratio changes overnight. As long you show visibility of the growth you will be rewarded high et.al DELL, MSFT they always look expensive and keep moving up. Value investing is a entirely different. Look no further than GM which has intrinsic value of 100+ but trades in 60s.

Good luck.
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