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

To: sepku who wrote (24287)	11/21/1997 11:48:00 AM
From: PATRICK MCMONIGLE	Respond to of 61433

Styles Pts Thanks for you well written and thought out response to my question. I am selling my ASND because I do believe we will retest our lows and seeing that I have a small profit I am willing to take it for now. My experience with Bio's and it goes back to when genetech and cetus were IPO's is that January is very good. All the tax lose money starts looking for a fast ride back to profitabilty and over the years it has been Bio's. Plus all the negative factors coming out of SE Asia is still an overhang on techs. Today the President charge the FDA to get Products to the market faster that has to be bullish for Bio's. The biggest factor is MAGN headquaters is in my brokers back yard and he has on occasion come in contact with senior management. My broker is impreesed with the CEO's experince with Bear-Sterns. You Have to love a CEO with WALLSTREET experience after how Mory has treat everyone here on the long side of ASND Thanks again, for you response