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

To: Larry J. who wrote (23031)	11/12/1997 7:04:00 PM
From: jeff conn	Respond to of 61433

Yeah, something might be up with ASND since it did not fall today, very surprised by that action. However, I will be really pissed off at the workings of WS if big news comes out this week.

To: Larry J. who wrote (23031)	11/12/1997 9:28:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 61433

Larry, lets just see where the market goes. I don't love any of these stocks. I have many times seen excellent companies go below lessor ones. Sentiment is the whole story right now, not fundamentals and Ascend is an institutional favorite and there is room for a selldown that will be overdone. That is what I am hoping for. Take a look at VST last March or so, that stock went down to a P/E of 6. Just one forward looking bad quarter is all it takes to exit every last share out of the stock. Forward-looking P/E's mean nothing if the next quarter is a disappointment in a killed market.