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: Stephen M. DeMoss who wrote (36554)	2/26/1998 7:38:00 PM
From: Inga	Read Replies (3) \| Respond to of 61433

FYI, the biggest bear on this thread had transformed into a bull and established long position. Thanks for the reminder of a market correction. I will purchase April 40 puts when the stock price gets above 40. The price for April 40 puts does not justify buying right now, even if a correction occurs, dropping below 32 which is not likely.

To: Stephen M. DeMoss who wrote (36554)	2/26/1998 10:02:00 PM
From: Jeff Jordan	Read Replies (3) \| Respond to of 61433

Out of curiosity, is there even one bear on this thread? When everyone is so bullish, it actually probably means there will be a correction. Does everyone think the market will continue straight up? There is good reason everyone is so bullish. We ran all the bears off 60 days ago! Including JJCramer.<g> Everyone here has been very well educated on the fundamentals behind Ascends products/earnings etc. The fact is management has guided the company very well and visibility is very clear now. The street is just now coming up to speed on what we all know very well here. If anyone is bearish here its me...but I'm not really. I have been expecting a technical pullback for over a week. I now believe it isn't going to happen. 1. The current run has been gradual...and has been cautious. We have not had any large heated swings. 2. Again the rise is slow,because of visibility. The CFO has directed us that earnings growth will be sequential. I believe this rise has been in line with projections 3. Ascends products are proving themselves in the market. And current contracts/customers are strong. 4. The sentiment on the street is realizing ASND is a good stock to hold in '98 I can't imagine ASND giving up more than 2-3 points....Unless we have a major market correction. Even then this will be the first stock I run to. Jeff

To: Stephen M. DeMoss who wrote (36554)	2/27/1998 12:25:00 AM
From: Gary Korn	Respond to of 61433

Out of curiosity, is there even one bear on this thread? Stephen, I'm quickly becoming a "short term" bear, for the market seems to have become too frothy too quickly. I may lose some upside potential, but I've been accumulating cash for the last week. I continue to believe that certain stocks, like ASND, can outperform the market, but I am troubled by how far the market has moved in so short a time. At some point, some event, perhaps earnings disappointments, will cause at least a mild "correction." The issue is how to stay in the outperformers, yet protect against that potential set-back. I don't like to buy puts (I'm always selling them), but I am now moving towards progressively more conservative positions. Gary Korn