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: Maverick who wrote (32396)	1/28/1998 8:49:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

There is also a fallacy to selling ASND to invest in others that you can lose in other stocks too (double jeopardy). Investing in a fundamentally sound co. and stay long term seems to work rather than instant gratification which could go the wrong way - instant pain. Maverick, if you were so heavily weighted in one stock (ASND) as I, you would diversify as well. Sounds like you already have sufficient diversity. In contrast, I averaged down very substantially as ASND reached 22, so much so that some lightening up clearly is in order, particularly with a 22% gain in less than a month. That said, ASND has tremendous potential down the road. The beauty of ASND is it has several opportunities for growth: (1) ATM can churn while RAS/RAC idles, (2) CLECs can buy ATM while RBOCs and ISPs dawdle, (3)growth in DSL can spur additional backbone demand, (4) growth in cable can spur additional backbone demand, (5) voice over IP comes along and the entire installed base of TNT cards gets replaced (voice requires a new card, fax requires just a s/w upgrade), (6) internet faxing takes off and fax s/w upgrades hit stride, (7) some day, video on demand takes off. In fact, ASND is in the nice position of being a derivative beneficiary of many internet-intensive and bandwidth-intensive technolgies. That is a great position to be in, and reason to retain a core holding for a good long time. But still, diversity clearly is in order. Gary Korn