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

To: Knighty Tin who wrote (48661)	6/13/1998 11:53:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

I just think he should take some crap about being negative at $23 and a nutburger bull at $49. And, yes, I do believe you are late to the party if you don't buy when the risk is lowest. Michael, like I said, I think he became bullish around $30. And who really knows when risk is lowest? Why was ASND low risk at $23? Because that was their low? This is silly. It sounds like you shorted ASND at $50, and covered and went long at $23. If this is true, more power to you. We can't all be that brilliant. But rather than tell us about your prescient call on ASND after the fact, tell us the future. It sounds like your going negative again. Is this a TA view, or FA? Vinick's Hedge Fund made 100% last year, as did many others. If I recall, Vinik did well last year, but lousy before that. It would be interesting to see just how many hedge funds outperformed the SP index the last few years. Why are you such a big advocate of hedge funds? Most people don't have the required money to be in them, and they are considerably more risky than funds (which I hate, but are right for most people). Many individual investors made more than that (I wasn't one of them last year, though I have been in that double club several times). Any many, many, many more did not. I'm not sure what you're really getting at. Please just come out and say it. Why are Scientific Atlanta and General Instruments ridiculous merger candidates? Do you know what the business of ASND, SFA, and GIC is? Why would ASND want to buy either of these (both are far too small to buy ASND)? Do you think ASND has any interest in a cutthroat business to sell set top boxes to cable companies? ASND has a healthy, high margin business model. Look what happened to COMS when they bought USRX. BTW, is COMS on you're low risk radar? How come everyone talks about catching Dell and Intel (before it recently lost its market value) and Microsoft, but nobody mentions that they caught palladium, a much better performer on an absolute basis, and, when leveraged, so far above these puny herd stocks as to be laughable? And why don't they talk about shorting oil and making 50%, no leverage. I'd like to compare that 5-year palladium chart to DELL, CSCO, MSFT, INTC. Gary

To: Knighty Tin who wrote (48661)	6/14/1998 12:56:00 AM
From: Darren	Read Replies (1) \| Respond to of 61433

I just think he should take some crap about being negative at $23 and a nutburger bull at $49. And, yes, I do believe you are late to the party if you don't buy when the risk is lowest. Frankly, that's a somewhat lame generalization. Good TA will signal a trend and actual market reaction will reinforce it. It's only then that the patient investor makes the play. Being "early" is just that, early. It's also when the risk is highest, if you've ever felt the power of a breakout down or up depending if you are long or short. Take ASND for example. If you can pick $23 before $23 hits, more power to you. I prefer to see support at $24 1/2 and I'll give up the stick and one-half for the piece of mind that I've got a two bagger coming... Trendsetters are pioneers and there are plenty of pioneers laying all over the road with arrows in their back and their wallets picked clean. If you want to be a trendsetter, try selling at the "high" while you are holding a two bagger...that seems to be the common question around here.