Ascend Communications (ASND) Message Board

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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: Tim Luke who wrote (53375)	8/31/1998 8:44:00 PM
From: Sure Thing	Read Replies (1) of 61433

The stock market can be ruthless! The only bright spot that I can find in the ASND sell off today, was that ASND is hanging above 35 when the NASDAQ broke 1500. I was expecting ASND to be below 32 when and if that ever happened. The NASDAQ is wildly oversold at 1500. Hell, it was at 1500 last December when everyone was selling, glooming, and dooming about technology companies 1998 earnings. Since that time, earnings have been great and the economy is booming. So, why are we at 1500 again? Pure panic, people screaming the sky is falling, technicians predicting 7400, 7200, 7000, or lower. These are crappy reasons to sell stock! I'm glad to see Abbey Cohen sticking to her convictions and not caving into the bears. Looks like she might be proven right when good earnings start popping up in October. Between now and then the NASDAQ may head for 1400 as the large NASDAQ stocks continue to sell off. Will Ascend buck the trend? Probably. Maybe after tomorrow's selling? I will hold ASND and wait. I'm in for the whole show. - Sure Thing -

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