ASCEND 1997 : The reasons why it will descend. Message Board

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Technology Stocks : ASCEND 1997 : The reasons why it will descend.

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: LEUTHY who wrote ()	1/15/1997 4:33:00 PM
From: shdu	of 122

I sold Csco at $15 dollars (split adjusted) for almost the same reason after detailed analysis (three page full) and bought Baynet because it was cheap. I sold Iomg at $2 dollars split adjusted and bought Syquest because they are coming out with a competing product. Both Baynet and syquest are loosers. To sell a market leader and buy a proven loser of the competition? CSCO used to have astronomical P/E. It still have similar P/E now, only the earning is five times higher. It used to have a market cap of 7 billion and I thought it was high. Now its cap is 40 billion. My lesson is as what Peter Lynch said: " You can never catch the second train"

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