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

To: Tim Luke who wrote (36639)	2/27/1998 11:31:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

I am sure that you know more than I do.

To: Tim Luke who wrote (36639)	2/27/1998 11:32:00 AM
From: FUZFO	Read Replies (2) \| Respond to of 61433

Tim, I agree. I've made the mistake of selling too early in an uptrend. Breaking the 200dma will set off all the bells and whistles on a bunch of computer buy programs, maybe not all at once but it certainly will come in the next month. Also look for the shorts to keep bailing, they now feel the pain the longs felt in sep-dec. fuz

To: Tim Luke who wrote (36639)	2/27/1998 11:38:00 AM
From: Greg h2o	Respond to of 61433

Tim, to answer the "WHY NOW?" question--from my point of view. I've always been a big proponent of buying when the masses are selling (if I like the fundamentals of the company) and selling when the masses are buying (or at least taking profits on the way up). Why? Because the masses are usually wrong. Usually, you see everyone dumping a stock like ASND at the bottom (23 or so) and buying like crazy and biting on the street's story hook, line and sinker. Sure, it might move to 50, 60, or even 80....but, don't you think an awful lot of the good news (and anticipation of more to follow) has come out? At some point, ASND will move into the momentum camp (I think we're already seeing it) and they'll push it up a little more, but that usually occurs to the excess of sound fundamental investing. I'll gladly take part of my profits at some point in the near future and then see if those greedy little momentum bastards will push my remaining shares higher. I wonder if Gary Pilgim is once again buying in his funds after dumping all the way down to the low 20's? Makes a lot of sense, doesn't it? regards, greg