Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

3:59 PM EST

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To: Ashley Campbell who wrote (58049)	12/11/1998 4:10:00 PM
From: Mark Duper	Read Replies (1) of 61433

Hi AC, Wrong! Dispatches from the Front: Not Going Negative By James J. Cramer 12/11/98 3:20 PM ET I'm giving out knives here to cut through the negativity. You need a machete to slice through this one, I am afraid. Yet, for me, it seems right to stand there and get whacked by methodical sellers who have lost conviction and are fearful of the weekend. I find myself bidding underneath for Lucent (LU:NYSE) and General Electric (GE:NYSE) -- dumb put buyers out there -- and thinking about taking some more Cisco (CSCO:Nasdaq) and Ascend (ASND:Nasdaq). It is the negativity you are fighting here. Because stocks have come down. In fact, some have come down a great deal. I don't fear the bonds as an equity holder. If anything, I want interest rates go higher if only to get a little more slope to the yield curve. Or I guess I could just go negative like everybody else, buy some Morgan Stanley Hi Tech 35 puts and start rooting against the Dells (DELL:Nasdaq) and the Intels (INTC:Nasdaq) as everyone else seems to be doing. But I can't. Because unlike Coke (KO:NYSE) and Gillette (G:NYSE), the earnings are too good in tech. Guess I am old-fashioned. I need a reason to sell.

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