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 201.62

-1.0%

Oct 31 3:59 PM EST

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To: Dee Jay who wrote (50)	1/20/1997 9:57:00 AM
From: vegetarian	of 122

I think the point of the article was about overvaluation and momentum based investing in technical areas in general. The references cited were illustrative and not exhaustive because it should not be too difficult to find companies not mentioned in the article that meet the very criteria specified in the article. Also, giving an exhaustive list of companies to make the point is an unwarranted exercise at best. Yes, the networking companies were mentioned, the following quote expressed concern about insider selling happening in networking companies: According to Robert Gabele at CDA/Investnet in Ft. Lauderdale, Fla., the two sectors with the largest amount of insider selling are computer networking companies and software concerns. Insider selling is starting to accelerate in computer stocks as well . One could, of course, be bullish and write off everythng in the article as irrelevant to ASND but it would be hard to justify that the points made in the article have no relevance to ASND whatsoever. M. Carter

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