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

To: Tim Luke who wrote (31549)	1/21/1998 9:51:00 PM
From: Glenn D. Rudolph	Respond to of 61433

But as a long term investment asnd is a good stock to own, there is very little downside on the stock from here on out. It is just going to be a slow mover in my opinion. I don't think it will go pass 45 this year, so if you own the stock at this price or lower you have a good investment. But I think that many people on this thread are in much higher and that is where all my negativity comes in. Tim, I have no idea if ASND will get to 45 by years end. One cannot look at a stock based on their purchase price. That is history. My focus is what percentage gain I may get in a stock versus what is my downside risk. If my analysis shows that ASND will hit 45 by years end, I would be happy to take a 50% gain on a security in one year. I am not trying to say ASND will or will not hit 45 or any target. I am saying I focus on potential gains versus potential loss in any security based on the price it is trading at present. Glenn