Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.43

-0.2%

Dec 23 3:59 PM EST

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To: jach who wrote (55020)	10/2/1998 12:12:00 AM
From: gbh	of 61433

jach, many feel the market has further steam to blow off. I tend to feel the big banks and brokerages are the key to this mess. These guys have been pummeled beyond recognition. I think a bottom will have been reached on the day when these guys (MER, LEH, TRV, BAC, etc) actually buck the trend and rise when the broader market is down. No one really understands the degree to which these guys are exposed in Asia, and with this hedge fund nightmare. I personally think any rallies to the 8000 range are just selling opportunities. Probably for the next 3-6 months. Preservation of capital is crucial right now. Limit any losses and be nimble. And don't be afraid to take a quick profit, if you can get one. :) Gary

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