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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (19329)	10/27/1997 10:45:00 PM
From: Emile Vidrine	Respond to of 61433

chebucto.ns.ca The Skeptical Investor "Hence, human judgments, based on analytically looser but far more realistic evaluations of what the future may hold, are of critical importance in risk management." Alan Greenspan, 1997 The Skeptical Investor was launched in June 1997 in response to the encouraging feedback that I got from readers of the financial market "Commentary" posted at this Site for the previous several months. The content reflects my own approach to investing: conservative and skeptical. I do not believe that anything worthwhile comes easy. Making money by investing is, I believe, one of the most difficult and challenging of human endeavors. There is one thing even more difficult though: keeping it once you have made it; preservation of capital is the first rule of conservative investing. "Compounding is king" is the second. Look at everything with a skeptical eye is the third. "The Skeptical Investor" is international in scope and offers mostly fundamental and geopolitical commentary, based on a free market approach. It attempts to identify major global trends that are or will shape the investment environment. Some specific investment pointers and ideas will also be included: these are NOT to be taken as advice or recommendations, merely as food for thought. Do your own research and make your own decisions based on your own circumstances and risk tolerance or obtain the advice of a qualified investment professional. If you have not already done so, please read my Disclaimer before reading on. I can be contacted by e-mail and welcome any constructive comments, suggestions or criticisms you might have. Issue No 5. October 1997 Issue No 4. September 1997 Issue No 3. August 1997 Issue No 2. Mid-July 1997. Issue No 1. Mid-June 1997.

To: Glenn D. Rudolph who wrote (19329)	10/27/1997 10:46:00 PM
From: Andreas Wappelt	Read Replies (3) \| Respond to of 61433

Gooshh, Glenn, look at HK: 8842, down 15.77%. I didn't expect it to fall that fast after breaking 9000. Andy

To: Glenn D. Rudolph who wrote (19329)	10/27/1997 11:23:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>I hope you are wrong because I am too heavily invested and will have to liquidate some positions if it takes that long.<<< Sounds like you are in a similar situation I am in. I am about 95% margined out as well...just about as fully invested as you can get. I am anticipating another huge sell-off at the open, carrying through the rest of the day unless we get a key figure to take a positive stand on the US markets...and even then, I think any rally will be brief. Perhaps Wednesday will be our salvation. I hear that Alan G. is supposed to speak. I believe there will be intense pressure for him to come to our aid and offer some reassuring words. I am confident that the Administration is hard at work to help rectify this unfortunate situation...after all, the booming market and economy is his trophy for both his terms, and he no doubt wishes for it to be his legacy when he leaves office. There is a hell of a lot of $ parked in bonds, treasuries, and cash, just waiting for the slaughter to end and the bottom to show itself. I bet we shall have a powerful rally this week. Someone asked me about some stocks I was looking at. A few that stand out are: AMAT<30, INVX<26, MUEI<14, COMS<40, VOCLF<22, ATHM<20, COHU, ATML<26, VTSS<35. But my favorite is CYMI at any price in the 25's and below. I just cannot get over this opportunity...I've only dreamt of picking up these shares at such low levels. The current global market crisis is the only thing holding CYMI down from surging following its awesome earnings and CC. So I'm planning to take drastic action tomorrow. Depending on the outlook for the markets, I'm considering on selling 4000 shares of ASND and taking the loss, followed up with a purchase of CYMI shares at an opportune moment during the day. This will relieve some pressure from my ASND position and tip the scales of port weight into Cymer's corner. The reasoning is simple: I believe it is a no-brainer that Cymer will be over 30 within November, regardless of where it sits in the 20s...it is hugely undervalued at the current 25 1/2. This situation with the Asian markets was unexpected (to me) and slowed down ASND's recovery. Even though I still believe Ascend will break 40 before year's end, I see the potential appreciation in CYMI as arriving far sooner and returning much more %-wise in the month of November. Cymer has a dominant monopolistic position, growing demand, positive atmosphere, and a product that the whole semi industry's future depends upon. Whereas ASND will attract value investors and bottom fishers, it will likely appreciate no where near as quickly as CYMI with such negativity surrounding it. I'm am more certain of Cymer than any other stock in the markets today...and I'm going to swing for the fences with it! Style Pts.