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

To: The Phoenix who wrote (36686)	2/27/1998 1:44:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Great market this past week. I'm not certain it's going to hold however. What do others think? Gary (not Korn), My sentiments exactly. Gary (Korn)

To: The Phoenix who wrote (36686)	2/27/1998 1:49:00 PM
From: Greg h2o	Read Replies (1) \| Respond to of 61433

Gary, agree with your market analysis. But, I guess it's hard to step in front of a moving frieght train! greg

To: The Phoenix who wrote (36686)	2/27/1998 2:24:00 PM
From: sepku	Read Replies (4) \| Respond to of 61433

I am ecstatic! Both of my largest holdings, ASND and CYMI, have been doing remarkably well over the past month. And most importantly, the rallies have been fundamentally-based...now with some technical strength we should see some return of the old "momentum" days. I'm especially pleased about the 200dma breakouts having the effects I expected, considering its validity as a significant indicator is being challenged on the CSCO thread. I can now refer to this as a "case in point". Gary, I can never be certain where the overall market is headed, but there is an advantage there in stocks that have just emerged from their darkest days. With the depressed valuations that they are trading up from, the new capital restoring their value has taken the market environment into consideration. So I would expect a little insulation to factors such as the situation in Asia, as compared to companies that are still trading at their all-time highs (I'm not referring to CSCO). At least where ASND is concerned, I believe it should hold on to most of its advances. As for your views on ASND breaking the 200dma, you're even more bullish than I. I was expecting 40 by March expiration, and 45 going into mid-April. However, you're right...with technical (psychological) reinforcement behind the improving fundamentals, and increasing awareness going forward that ASND will probably beat Q1 expectations, this stock could easily be trading at mid-40 before April. Style Pts.

To: The Phoenix who wrote (36686)	2/27/1998 5:45:00 PM
From: Daniel W. Koehler	Read Replies (2) \| Respond to of 61433

Gary I've been nervous about CSCO all week so i've traded my APR 65 calls all week as it oscillated between 64 1/2 - 67 1/2 this week Today I pulled the trigger and sold all 40 contracts. Made 3/4's so they were profitable . Low volume is my main concern as well as not being able to get thru 67. I look for technical pullback next week to 63. I don't think the big afternoon reversal was just a head fake. Volume is the key. Ciao, Daniel

To: The Phoenix who wrote (36686)	2/27/1998 9:36:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 61433

Tech sector soars on Clinton nod By Reuters Special to CNET NEWS.COM February 27, 1998, 3:20 p.m. PT update Internet stocks hit record highs this morning on the heels of President Clinton's proposal to ban U.S. and international taxes on business transactions conducted online. "You still see some of the glow of President Clinton's statement that he was against an Internet tax," said Hambrecht & Quist analyst Paul Noglows. Yahoo (YHOO) shares, for example, soared 6-1/8 to a record high of 74-1/4 before closing at 73-3/16, and Internet book retailer Amazon.Com (AMZN) also hit a record high, climbing 6-7/8 to as high as 79-5/8, before dipping slightly to close at 77. "There should be no special breaks for the Internet, but we can't allow unfair taxation to weight it down and stunt the development of the most promising new economic opportunity in decades," Clinton told some 300 high-tech industry executives at the BancAmerica Robertson Stephens Technology '98 conference in San Francisco yesterday. Other Internet merchandisers and providers that saw their stocks appreciate Friday morning included: Excite (XCIT), which rose 3-1/16 to reach 47-1/4; high-speed access Internet provider @Home (ATHM), which gained 2 to 35-1/2 before closing at 34-1/8; and direct marketer CMG Information Services (CMGI), which inched up 4-5/8 to 47-7/8. Internet auctioneer OnSale (ONSL) also was up 2-7/8, to 28-11/16, while Internet advertising company DoubleClick (DCLK) rose to 33 before closing at 31-15/16. DoubleClick went public at $17 per share on Monday. Internet merchandising and related advertising revenues will be "an important source of revenues for these companies going forward," Noglows said of companies like Yahoo. Other Internet companies that derive part of their revenues from merchants peddling their wares in cyberspace also saw their stocks rise. Lycos (LCOS) gained 1-9/16, to 41-1/4, while Infoseek (SEEK) rose 1-7/16, to 16-7/16. Internet service providers MindSpring Enterprises (MSPG) and online giant America Online (AOL) bucked the trend, with MindSpring losing 7/8 to 48-3/8, and AOL shedding 2-3/8 to 121-3/8. Story Copyright c 1998 Reuters Limited All rights reserved.