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

To: blankmind who wrote (43987)	4/13/1998 12:06:00 PM
From: FUZFO	Read Replies (1) \| Respond to of 61433

Well here it is noon est and asnd has held up very well in light of general tech weakness (LU -2 1/8, DELL - 1 1/16 etc) . We have already one upgrade with perhaps more waiting in the wings. All the gloom and doom the shorts predicted has not happened, they can go crawl back under thier rocks now (VBG). Or why dont they swarm some of the fat juicy internet stocks if they want to short something. Fuzman

To: blankmind who wrote (43987)	4/13/1998 12:12:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 61433

if i was guaranteed 12.5%, for 7 1/2 month investment, i would take it. Well, let me be a little more specific. If an analyst guaranteed me a $4-5 return on a $40 stock, I'd have to discount that heavily by the likelihood that the analyst would be wrong. I'm using "guarantee" in a loose sense -- not in the sense that the analyst would indemnify me against any share price below $45. If I were investing in certificates of deposit and found one that offered 12.5% for 7 months in this market, then yes, I'd take that. But you and I are investing in stocks, and trade higher risk for higher reward. And you and I are the audience this analyst was talking to. He's talking to relatively short-term investors in the U.S. stock market. So why bother to issue a buy recommendation with a $45 year-end price target on a $40 high-tech stock? RMBS or DCLK can do that in a day. N.B. I'm a bull speculator in ASND. My criticism of this analyst has nothing to do with my own opinion of ASND's future performance.