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

To: john dodson who wrote (27847)	12/13/1997 7:12:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 61433

>>> It's funny you say that. I said the same thing a few days back.<<< Sorry about that, I don't really follow this thread closely. I try, but it is a heavily posted thread and there are only so many hours in a day. I've been seriously thinking of establishing a short position in the stock, with a target of 23. Looks like I might have some free capital in my position portfolio as Enamalon got trashed by Bearon's this week end. Who knows though. I like total trash companies usually for my position shorts, and I don't see Ascend that way by any means. So I guess I'm undecided. Now, if we could get it to push 30 again... Barb

To: john dodson who wrote (27847)	12/13/1997 11:16:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>Clearly it succeeded in pulling NOVL out of the gutter. <<< Out of the gutter? I had owned NOVL for over 9 months previous to the most recent IBM rumor. NOVL is still well in the gutter, and has been there for 3 years. Also, there was the camp who speculated on the IBM rumor, but there were just as many who thought IBM was going to take over Informix at the same time -- the Street didn't know which it was going to be. Then there were the investors like me, who recall that the very same rumor surfaced in 12/96 and 2/97 with the very same results: nothing. The third time the rumor surfaced this Summer, I knew it was the same crap, deja vu...so this time I took advantage of it and traded it along with all the other traders and regained my losses from dumping my long position. A lot of investors got left holding the bag on that loser stock all over again, having bought in on the IBM takeover bull$#!t up to $11. There's no way in hell NOVL is out of the gutter. Schmidt has yet to show the Street he's got what it takes to grow earnings again. I also see little resemblance to the LU/ASND rumors, other than the apparent lack of any truth to it, either. It seems Wall Street expects LU to be the white knight for every troubled company out there! Style Pts.