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

To: Lee Martin who wrote (23740)	11/17/1997 12:19:00 PM
From: sbeckbal	Respond to of 61433

Excellent analysis of the momentum issue and contrarian investing, Lee. Just before ASND soared to the upper 80s, after nearly every firm on the street had upgraded the stock to Strong Buy, Cowen finally broke down and upgraded the stock to a Strong Buy. Shortly after, "everything changed" and the descent none of us believed possible became the aching reality that many of us are facing today. I have even thought about exiting the stock the next time Cowen turns positive! Regards.