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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (8878)	11/8/1997 6:19:00 PM
From: Greg Jung	Respond to of 22053

Addi, I don't know where Asnd will settle. Above 20 I'd need to see it settle, below that I'd just grab it like a hero. Single digit sequential growth would be fine by me if they do it. I've got a bit at $44 so I've got to average down. I think 24 will be available for a while, but if it gets to 16 I can buy 50% more for the same price. XYLN is imo a better prospect, short and long. XYLN was already recently 13, 52-wk low about 10-11, came in on target. However analysts still insist on 50% growth and that hope is priced in the stock. So 10-15 is another disaster accumulation zone - big profits likely from there if it makes it, it could languish at 17 if the market doesn't pull out. Cisco has gone as far as it can for a while, but if/when it drops it will also take the smaller networkers. So short this while long the others to protect against a Cisco warning taking everybody down. Another tech hedge would be LU. The pros and the market are contemplating a different outlook, especially since they've been raising rates in europe, now S.Korea falling. etc. We are moving sideways but these fundamentals don't justify breaking out to new highs, and the disappointment can then lead to a re-test of dow 7000. There are a lot of weak-hand shorts so still some bouyancy, I hope I am fortunate to have stocks that already realized most of the downside potential. :/. I don't have a lot of money or guts to do these things so since it is fantasy investing, it ain't worth much! Greg