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: Mighty Mizzou who wrote (53628)	9/2/1998 7:28:00 PM
From: garrick le	Read Replies (1) of 61433

Merrill Lynch is definitely a first class institution when it comes to timing the market.They told their clients to shift money from stocks to bond 1 month ago or even sooner. However,they are the one preventing this rally from becoming stronger since they advised clients to hold off buying stocks unlike Prudential,Goldman Sachs,A.G Edwards,etc. Time will tell if Merrill was right ... What if the market rally continues and 7400 was indeed the bottom ? Anyway,kudos to Merrill for calling the top ... 6 weeks ago. BTW,Al Tobin upgraded ASND today ... he was the first to downgrade ASND last year before it nosedived from 50 to 22. This should be a very bullish sign for ASND shareholders,IMHO. GL

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