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

To: uu who wrote (21128)	11/4/1997 6:08:00 PM
From: sea_biscuit	Read Replies (2) \| Respond to of 61433

RE: Ejabat sure got a great deal selling his shares at $32-$35?! I was one of the people who bought a portion of the shares he dumped on (after entering at $46.5 and just trying to average down!!!). What is your frequency of averaging? I own AUD, DBD, MCD, SYK which are richly-valued (even possibly overvalued) right now, but I DCA into them on an annual basis. I don't watch for any events or "buying opportunities" etc. -- just DCA every year. Because I feel that if I really am a long-term investor, I better behave like one! :-)

To: uu who wrote (21128)	11/4/1997 7:09:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

If ASND management is in talk to be taken over by some poor sould out there, why would the top officers of the company (including Ejabat the founder and CEO of the firm) want to sell part of their shares (regardless of how large or smalll in numbers) at these low prices?! Answer: Liquidity. There will be no selling after the merger for a period of time. Additional Question: If ASND management knows -- and now has publicly announced -- that they will meet 4Q and 1998 estimates, why would insiders sell at what was then perceived to be a market low (the selling started before the general NW selloff)? Answer: Liquidity. Gary Korn