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

To: Gabor who wrote (39860)	3/18/1998 4:37:00 PM
From: Peter Yang	Read Replies (2) \| Respond to of 61433

>>It is psychological for you to think this way.The market trains you this way. I am certain that the correction is coming,but who knows when. If you stronly belive that the market is coming down,then do a buch of shorts.I don't know what stocks you are in.I do belive that asnd,shva will run next week,unless the big market correction is really coming.I don't expect it to come untill mid april.<< Gabor, I'm mostly on cash now. I have CS in my portfolio and it's up about 8% without any news today. The reason I didn't sell CS is I think it's already in the basement and won't drop a lot even in case of a market crash or a correction. I held ASND since last Sept. until last week. I sold my ASND shares at 34.5 because of the SEC filing by CSCO. I did feel rather stupid later because it ran up to around 37 after I sold. I'm waiting for a good re-entry point for ASND. But the market keeps moving up, which makes me nervous to enter ASND. I would rather buy ASND when the whole market is down because I'm afraid that it doesn't matter what stock you have, if the whole market tanks, every thing tanks and the one that is not near 52 week low would hurt more.