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

To: username who wrote (34247)	2/10/1998 4:21:00 PM
From: Bald Eagle	Read Replies (3) \| Respond to of 61433

<<I'm still interested in any info from people who have held ASND since before it dipped below 35.>> I've help since about 41, buying and selling a couple of covered calls along the way. I sold today at 33, but only because I think I can get back in a couple of points cheaper in the next week or two.

To: username who wrote (34247)	2/10/1998 4:31:00 PM
From: Alok Sinha	Read Replies (1) \| Respond to of 61433

My average price is 30.5 on the stock (although I made a lot of money on call options on the run from 23 to 28 at the beginning of the year), and I am not geting ready to bail. In any case buying price should be irrelevant as far as selling is concerned. Remember, the stock was doubling every year till it ran into TNT related problems. The warned so late that management lost all credibility with the Street. I get the feeling that mgt is slowly learning to play the Wall Street games (like CSCO - keep expectations down and then surprise. They may also be managing their quarterly revenues to show decent sequential increases. When they were a small co. which was growing in an explosive manner, there was no need to do all this. At $1 B in sales, you can't double rev every year, esp. with downward pressure on prices under stiff competition. Ii expect the stock to trade in the 40s towards the middle of the year (on fundamentals) and valuation of competitors like CSCO. If there is takeover talk it may get there fsater, but probably not be sustained. The time to bail would be if it makes a move to the high 40s or 50s ahead of the fundamentals. The chart for ASND over the last few months has been surprising steady upward move which is encouraging. So I am holding on. I will be establishing a protective put position in the next few days on my largest exposures, since I am convinced that the market is getting ahead of iteself (even though ASND's rise has been gradual). Regards Alok

To: username who wrote (34247)	2/10/1998 4:51:00 PM
From: George Coyne	Read Replies (1) \| Respond to of 61433

<<I'm still interested in any info from people who have held ASND since before it dipped below 35. Are you holding, are you getting ready to bail? thanks. :o) pete>> Yeah, I've been meaning to respond to your earlier post on this. About half my position was bought above 35, and half below, with avg. about 34. I intend to split my position soon, trading half, and holding the other half. I almost put in my first trading sell today, but decided to wait a little longer. How about you? G. W.

To: username who wrote (34247)	2/10/1998 5:02:00 PM
From: Marc Hyman	Read Replies (2) \| Respond to of 61433

I'm still interested in any info from people who have held ASND since before it dipped below 35. I think you need to re-phrase your question. It suggests that the shares must have been purchases at a price greater than $35. I've been holding since before it dipped below 35, but then I still own shares purchased before ipo. I've friends and family that purchased at ipo. Their basis is about $1.70 per share. Yeah, selling at 20 times basis is rough when you could have sold at 47 times basis :-). // marc

To: username who wrote (34247)	2/10/1998 5:03:00 PM
From: Perry P.	Read Replies (1) \| Respond to of 61433

I have an average price of 40. Holding until low 50s.....whenever that is. Too many positives coming down the road.

To: username who wrote (34247)	2/10/1998 5:34:00 PM
From: Pat Hughes	Read Replies (4) \| Respond to of 61433

Pete, Have held ASND for almost 1 year. Bought my first position at 55. Doubled up at 54. Doubled up again at 34. Added more at 33. Bought my last lot at 22 3/8. I have rode this baby all the way down. For all the reasons posted on this thread and elseware about the explosive growth of the internet, I PLAN TO HOLD MY ASND FOR AT LEAST ANOTHER YEAR. The biggest mistakes any of us individual investors make is selling to soon. I have made this mistake over and over again. Far too much potential here. I like some others on this thread < Hi Glenn, :) >, got rocked by having a heavily margined position in both coms and asnd. Fortunatly, I came out allright, a little shell shocked, but continued to add to my position. (I probably slept only a couple of hours between October and November 97' and the wife wanted to have me committed but I eventually got used to being in that huge hole and stopped worrying about it.) I do not want to see a buy out. I think the stock will be back at 80 by next year. I remember AMAT when it was in the dumps...I'm still kicking myself for missing that one. Mory joked at a conference last year that he would sell for $100.00 per share. I really didn't think he was joking! I think we are in for quite a ride. My thoughts only. Pat Hughes