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

To: Ashley Campbell who wrote (47524)	5/26/1998 6:14:00 PM
From: gbh	Respond to of 61433

Hi Ashley, maybe we will all own LU soon. :) My DELL buy from last week at 83.5 was looking good early in the day, but not so good later. I'm not too worried about it yet. It was just a nibble, and I'll buy more if it drops below 80. I also went long INTC last week a nickel below 74. It seems to be holding reasonably well. ASND needs to come back a little more before I add, but I doubt it will. If not, I'm happy with my current holdings. Hopefully, the tech part of this market pullback will run its course soon. Nasdaq is already down 8% from its high. Maybe another 5% to go (1700??). The Dow stocks may be starting to follow now, too. Maybe another 200-300 points here. At this point, the big fund managers who are currently lagging the market (virtually all of them) will start deploying funds and the rebound will begin. My feeling is the move up will be more healthy and sustained if it doesn't occur so quickly as the first part of this year. Gary