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

To: gbh who wrote (42042)	4/2/1998 11:34:00 PM
From: Peter Yang	Read Replies (2) \| Respond to of 61433

All aisan markets are down tonight. South Korea is down more than 5%. Japan's economy is near collapse. NASDAQ future is also down 750. US market has been ignoring all the bad news and keeping going up. The market is in a maniac condition. There's nothing wrong with ASND that keeps me on the sideline, it's the maniac market. When the market collapses, there is no safe stocks. I got the feeling that it's about time for a correction.

To: gbh who wrote (42042)	4/3/1998 2:01:00 AM
From: MMW	Read Replies (1) \| Respond to of 61433

Hi Gary, You may be right. Based on the volume, the big boy are slowly back in. I think ASND's fundamental is improving. The stock recovery is on its own merits. If we are patient waiting for a couple quarters and stay close, the reward will come. I got in ASND last year and have sold 1/3 of my holding, a big paper lost for offsetting the gain for tax reason. I determine to hold 2/3 of my previous position in a hope this thing will recover. I am long on this as long as its fundamental continues to improve. I hate to get out and get back in for a little profits and let IRS get portion of whatever the profit is. It does not make a good sense for doing that. Cheers, Mike