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


To: Sector Investor who wrote (45162)4/23/1998 12:05:00 AM
From: Roadkill  Respond to of 61433
 
Sector, I read your synopsis of the BARS report on the news-only thread. That might be the best research report I have ever seen. I haven't sold a single share of my ASND holdings yet, and don't plan to for a while. The BARS report gives me more reason to hold. During this most recent upward leg of the market (January to date), ASND has been a leader. According to IBD, ASND's relative strength has risen from the single digits to the low 60s. When the next correction comes -- which I suspect that it will be sooner rather than later based upon the huge NAZ volume and the recent mania for some poor-quality internet stocks -- ASND should maintain its relative strength leadership even while correcting with the overall market. I am hoping that it then retains its leadership in the next upward leg of the market. That's where the really impressive gains lay.

Thanks again for your contribution to the news-only thread.