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

To: Cashin who wrote (21732)	11/7/1997 12:46:00 AM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>Most people on this thread have unpleasant feelings towards the short.<<< I don't have any animosity towards shorts at all...in fact I welcome them. As opposed to longs, they are the only investors who virtually guarantee you that they will be buyers soon! Style Pts.

To: Cashin who wrote (21732)	11/7/1997 1:05:00 AM
From: Jimbo Cobb	Read Replies (3) \| Respond to of 61433

I'm not short (or long) ASND, and my only analysis for $16 is technical analysis. Although, fundamentally, it is still trading at very high multiples when you consider the major UNCERTAINTY over earnings for the near future...same situation with COMS. CSCO is the only one who keeps on getting it done quarter after quarter after quarter and that's why they deserve a MAJOR PREMIUM to these other would-be companies. Mark.