Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Lawrence who wrote (25255)	12/2/1997 8:22:00 PM
From: Chris Anderson	Read Replies (1) \| Respond to of 61433

Just my thoughts for everyone wondering what the price outlook for ASND and COMS might be for the future. What follows is my very :-) technical analysis. ANYONE who has followed stocks, especially tech stocks, should be able to relate. 1) Tech stocks very volitale 2) Tech stocks trade on outlook for the future (sometimes not realistic) 3) Greed overcomes fear, fear overcomes greed (repeat ad finitum (sp?)) 4) WS does not like uncertainty 5) Stocks perform poorly when uncertainty is greatest, stocks perform well when uncertainty is diminished (ref #2) 6) ASND has much uncertainty behind it, COMS soon to follow 7) Most tech stocks highs for any year are about twice that of the lows. 8) MANY tech stocks seem to be reaching lows now, look at the charts for stocks like WDC, NVLS, ASND many other examples. 9) Ask yourself the question, will the prices of these stocks be at 50 percent of current levels or 200 percent of current levels in, say, 12-24 months. 10) Unless we have a war, major recession, major bear market, I'm betting the answer to #9 is 200 percent 11) ANYBODY who says ANY tech stock will "stay at this level for x months" is simply out of his F#$%ing mind!!! Tech stocks just don't stay at any given level for that long. They either go up or down, hopefully if you're long they go up, odds are they will at some point in time. For ASND, $80 may be a little ambitious near term, but I see no reason it can't go to at least $50 in 12-18 months on normal volatility alone. Good luck! Respectfully submitted, Chris