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

To: Sector Investor who wrote (20447)	11/1/1997 11:49:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

You know what I find interesting about analyst recommendations? The tendency to issue buy ratings near the peak of an uptrend, preceding a drop/correction in price...and sells near the bottom of a prolonged downtrend, preceding a reversal to the upside. This is why I find analyst ratings as extremely questionable and often times, even suspicious. Now the ones I am more willing to consider as perhaps having a few slivers of honest intent, are the ones that offer a target price (making the analyst stick his reputation on the line), and even an accompanying analysis if you're lucky. I've come to look forward to H&Q's comments, they have a decent track record by my own experience. On the opposite side of the coin, I've found Merril Lynch to be a great contrarian indicator -- they'll say anything to get the best prices for their big clients. Style Pts.