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

To: gbh who wrote (48592)	6/12/1998 12:23:00 PM
From: hitesh puri	Respond to of 61433

There is some pain on the other threads. The Bull/Bear survery rtio turned very bearish in the last 2 days. We are coming close to a bottom. Nasdaq 1700 has to be breached and some short termers have to throw in the towel or get margin calls. We cannot proceed ahead with them. Took some profit on ASND and put it to work on some decimated Semis like XLNX and TXN who are being punished for short term woes. Actually XLNX CEO seems to think that they have no woes at all. LSCC had major exposure to Asia but Xilinx has only about 8% exposure. Rest looks strong and they do not have a PC centric business, mainly Telecom industry. -hitesh