Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

3:59 PM EST

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To: LEUTHY who wrote (1675)	1/20/1997 11:06:00 AM
From: Alfred W. Post	of 61433

I was so glad to see by today's action that apparently it was not only the short selles that caused Friday's move when they rushed in to cover. If that would have been the case, the stock would have given aack most of the previous advance, but it seems to hold around $75. On CNBC today a fund manager said - and I agree - that one should not only look at PE's but to the relation between PE and earning groth. As long as the groth was well aboove the forwrd looking PE, there was nothing to worry about a high PE. I can live with this theory - and you? But one has to look also on technical aspects such as short positions. Hope you are doing OK. Greetings from Fred of Switzerland.

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