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

To: Darren who wrote (47010)	5/16/1998 1:31:00 AM
From: Darren	Read Replies (8) \| Respond to of 61433

Hey Tim, where are you? Over there messing with that PKGP, no doubt. We want to hear your prognostications for next week too; my guess is it looks something like this: "50 is obvious. If you don't think so, you're an idiot. This market is going to the moon, and ASND is my shuttle. (notice, I did not make a tasteless joke here) TA is for sissies, MM's are morons, I know what's gonna happen and ASND is going to 50! Mark my words. Save this message. If it doesn't, I'll wear a dress to Lallapolooza!" Sorry buddy, just savoring my, albeit, minor victory and busting your chops at the same time...have a good weekend, and Tim, get some sleep!<grin>

To: Darren who wrote (47010)	5/16/1998 10:54:00 AM
From: gbh	Read Replies (1) \| Respond to of 61433

Darren, wow, we get the "8 day to 8 year" view. Two questions re: So, before the end of May, you'd better be loaded up with stocks -- and I don't mean those d*gshit stocks that get flaunted around SI, I mean core stuff where you can make money through a bear market; CPQ, INTC, DELL, MSFT, CSCO, DIS, NKE, GPS, etc. Franchises, monopolies, and sure things...not "possibly" good stocks like ASND. And before October, you have a huge decision to make. Why do think these stocks are immune in a bear market? If all these stocks are going up, how can it be a bear market? These kinds of stocks are the ones that have been fueling the current bull, not the small to medium caps. It seems to me, that by definition, in a bear market, these are the first to go, the ones that could be considered overvalued on a PE basis. And the ones to be in might just be the currently undervalued (on a PE basis), small to mediums, the ones that have yet to participate. The above is just a contrary view to yours, and not my opinion of where the market will be in 2-4 years. My view is that absent inflation and higher interest rate, we will continue up unabated, although slower than the first 4 months of this year. Gary