Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bob yahnke who wrote (21608)	11/6/1997 6:36:00 PM
From: Bosco	Read Replies (1) \| Respond to of 61433

Bob - with the aggressive growth funds taking such a bath this year, maybe there won't be a need for yr end tax selloff though rgds Bosco

To: bob yahnke who wrote (21608)	11/6/1997 7:28:00 PM
From: Harry Ehrlich	Read Replies (2) \| Respond to of 61433

Bob, I disagree. I think you'll see high teens before the year end, and I don't think ASND will be a buy at 19. I've always been an ASND fan, but facts are facts. There are too many things wrong with ASND right now: 1. Insider selling 2. Management credibility problems 3. Reduced sales 4. Lack of mgt confidence (vs confidence shown by CSCO's mgt) 5. Sector slumping 6. Beat out by CSCO in independent tests 7. Hot cards (the memory remains, even if solved) 8. Technically, the chart has broken down. 9. Investors Business Daily gives ASND 2 out of 99 for price action 10. Investors Business Daily rates E for extreme distribution I could probably find more negatives; these are the ones that come to mind quickly. I hate to beat up ASND, but unfortunately, many of us fall in love with a stock and just hang on. Each time ASND dives, there's a post from someone that "this is the bottom". We glean the positive articles or posts to help justify hanging on. At the risk of making enemies, to me the following is obvious: the best ASND can hope to do is consolidate and base. I just don't see it jumping up. And that means you're money is better off somewhere else, as there is still downside. Yes, there's a possibility of a take over; but now you're gambling, not investing/trading. I've gotten a lot of good information and news items from this thread. I'm not trying to hype the stock down. I'm just giving my honest opinion. Good luck to all, Harry

To: bob yahnke who wrote (21608)	11/6/1997 8:49:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

sorry to disagree but it depends on how you hold the chart, for example try upside down or reverse video, suddenly asnd becomes a buy.