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

To: gbh who wrote (47649)	5/28/1998 9:45:00 AM
From: tepli	Read Replies (1) \| Respond to of 61433

You're right Gary, impatient money is flowing in. Although I'm waiting for a correction (~10%), I bought INTC yesterday @ 73«. Those big cap companies earn a lot of their $$$ overseas. If Asia slows down and dollar stays strong it would be difficult for them to grow. E.g. HSBC Securities forecasts that the SP 500 EPS grows only by 1.7 % YoY on Q4/98 and total 1999 EPS growth is forecasted to be 2 pct. Well, they've been wrong before and I've been wrong before but this smells a bit risky now. Regards tepli