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

To: Jeff Jordan who wrote (23061)	11/12/1997 9:43:00 PM
From: Johnathan C. Doe	Respond to of 61433

As we have been saying for the past couple of months, badly deteriorating chart configurations in the leadership stocks suggest that the tech sector is sick and getting sicker... While the Nasdaq may be nearly 80 points above its 10/28 low, Dell Computer, Texas Instruments, KLA-Tencor, 3Com, Teradyne, Quantum, Gateway 2000, Novellus, Bay Networks and Applied Materials were among the major players that took out their 10/28 lows... Poised to do the same are AOL, Compaq, Sun Microsystems, Hewlett-Packard, Computer Associates, Oracle, National Semiconductor and Lucent... With the exception of the disk-drive and chip equipment stocks, most of the companies listed above continue to sport relatively high multiples... Add the lofty valuations to the poor technical tone and there is no good reason to expect a sustained recovery. I couldn't say it any better myself. Does anyone drink coffee here? I love the smell of a brewing pot. Let's wake up and take a whiff. You thinking riding down tech stocks instead of being in cash RIGHT NOW is a good thing?