Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Clay Takaya who wrote (45608)	4/28/1998 5:56:00 PM
From: gbh	Respond to of 61433

Clay, he's been very positive on ASND the last couple of months at least, and I can't recall when we wasn't extremely bullish on AOL. This must have been quite a while back, at least 6 months???

To: Clay Takaya who wrote (45608)	4/28/1998 6:11:00 PM
From: djane	Read Replies (2) \| Respond to of 61433

Clay, as far as I can tell, Cramer has held ASND as a long-term <gg> position since the low 30s in 1/98. In a recent Yahoo chat, he said he held a "humongous" ASND position. As of 10:33 EST, Cramer's "faves" were networkers and box makers [see below]. I don't think it was coincidence that he left NY today to arrive for the H&Q conference tomorrow, which includes ASND at 9:00 a.m. I like Cramer's writing and almost complete reliance on fundamental analysis. Given the recent BARS report by Paul Johnson, impressive contract wins and sweet spot in its new product cycle, I can't think of another networker with better potential prospects for stock price appreciation in the next 6-9 months. IMHO djane thestreet.com Wrong! Dispatches from the Front: Along with the Market, Cramer Likes Tech By James J. Cramer 4/28/98 10:33 AM ET No brain surgery here. The market likes tech; hates defensive stuff. It doesn't help that Pepsi (PEP:NYSE) failed to blow the numbers away. The Cokes (KO:NYSE) and the Gillettes (G:NYSE), which normally rally after a big selloff, as some institutions seek safety, seem to have lost out to the faster growers like tech. Of course, that's just a snapshot. And we know that the market is helped by the H&Q conference, where the good news flows thick. (And I am out the door after this to get there.) What have I done? Without reading to you my blotter, which includes a ton of open orders and would lead some of you to charge me with manipulation, I am staying in tech and hoping that my faves -- networking and box makers -- come in. I have had to bottom-fish in banks, just a tad, and did the big average down in the CLECs. What's changed with the latter? Nothing, except the sellers have taken a hike. In the end I am human. I am emboldened when sellers finish and beleaguered when sellers persist. Sure I wish the bonds were better, but how can they ahead of an important employment number? Sure, I wish that the banks rallied right back. But as my wife, the Trading Goddess, always told me, "You don't want things to go up so much that you attract sellers. You don't want it to go up so much so fast that it is phony." The Trading Goddess would like this tape. She's coordinating the big book drive at the school today. You tell her; I am off to California. ***** Random musings: Remember, others need to hear good stuff too. Send those nice letters to dkansas@thestreet.com and bamyot@thestreet.com, a couple of guys working their butts off to make this darn thing great. James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Mr. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he welcomes your feedback, emailed to Jjc@thestreet.com. See Also WRONG! DISPATCHES FROM THE FRONT ARCHIVE