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: Knighty Tin who wrote (48651)	6/13/1998 5:59:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

Jimbo said Ascend was overpriced and going lower. His note is public and I like to make fun of him because he never admitted that he made that mistake now that he is late to the party and bullish. Anyone who buys AFTER a stock goes up more than 30% is just a momentum geek, not a guy who anticipates fundamental turns. I do remember him being negative around 30 on the way down. As for being late to the party, and a momentum geek, because you miss the first 7 points of a rise from 23 to 49, this is just silly. Is the same thing true about people who bought CSCO in 1994 at 28 after they bottomed out at 22. Don't ask me how many splits ago that was. How about buying DELL or INTC or MSFT at anything but the gutter bottom? You seem to imply that unless you buy at the gutter bottom, or ride the train down, then catch the rise, that someone is just a mo player. I don't buy into this. The question I answered asked about the possibility of a telco taking over Ascend. That was the only reason I mentioned it. Yes, you are right. I misread your message re: the Telco. But, the other buyout/merger candidates are very odd, except LU, and maybe if you streeeeetch it, TLAB. But all funds, Index or managed, underperform intelligently managed individual portfolios, hedge funds and managed commodity funds. The fact of the matter is that the last few years, every type of fund; hedged, commodity, whatever; is having a very difficult time beating the S&P 500 index consistently. And most people don't have the time or money to be involved in these things anyway, even individual stocks. Gary

To: Knighty Tin who wrote (48651)	6/13/1998 6:27:00 PM
From: Darren	Respond to of 61433

Anyone who buys AFTER a stock goes up more than 30% is just a momentum geek, not a guy who anticipates fundamental turns. "Momentum geeks" make money too, and give you an additional opportunity to get out. Find me a guy who can anticipate fundamental turns 90% of the time...even they are momentum geeks if they are smart. The fundamental is not "being right," it's knowing when you're wrong and making money off the new knowledge. And believe me, I'm not sticking up for Cramer...

To: Knighty Tin who wrote (48651)	6/14/1998 12:30:00 PM
From: George Coyne	Read Replies (1) \| Respond to of 61433

<< Back in the good old days, before fund performance measurement firms, fund managers were hired to make a lot of money. If they did, they got paid a lot. If they didn't, they got fired. Now they are paid to be caretakers for a "style" that will be out of sync at least half the time. Total nonsense. >> Mike, I agree! Last year, One of my fund manager's excuses for worse than DOW performance was that his investment style was "out of favor"! Unbelievable! G. W.

To: Knighty Tin who wrote (48651)	6/14/1998 1:57:00 PM
From: Jeff Jordan	Respond to of 61433

I was feeling reminisent about how we got here, so I went back over some posts from the past dark days. Ascend looks for new logo rumor: Message 2674775 Message 2674741 This guy really got under my skin.<g> Message 2710435 Message 2711584 Message 2711535 Buyout rumors: Message 2771603 When Jeff is pissed: Message 2670207 Message 2658299 Message 2657751 Message 2634703 When to buy? Message 2743879 Message 2870655 Message 2658515 About June '98 Message 2698712 Message 2794420 Message 2840257 Cramer posts: Message 2621125 Message 2670368 Tim's Gems: Message 2604516 Message 2615376 Message 2653592 Message 2787737 Message 2792956 Message 2859338 Message 2866397 Message 2865108 Message 2864963 Message 2873040 Message 2871022 Message 2870997 Message 2879338 Message 2879253 I'm still LOL: Message 2656258 Message 2656077 The Modem discussions: Message 2762424 Message 2754883 Jeff