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

To: Knighty Tin who wrote (48676)	6/14/1998 4:35:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

For the most part, you are solidly with the polyanna majority on the market, and there is no sense in trying to change your mind. The market will do it for you, eventually. Eventually? Any time frame here? Or should I just sell everything now, and wait? Seriously, I'm not sure to what you are trying to change my mind. Palladium, short oil, Europe. I prefer to stick to things I understand (somewhat <g>), buying and selling US stocks. This discussion started with you berating index funds (of which I own none, but which I measure myself against; if I can't beat them I shouldn't be trying to pick individuals), and me simply stating the indisputable fact, that these funds beat most other funds; mutual, hedge, commodity, etc. Money will continue to regularly flow into these funds, barring a market meltdown, which you feel is imminent and I feel is unlikely any time soon, if ever. I've never stated the market doesn't go down, just not to 4500 (or even close). This regular inflow will help to support ASNDs price and lessen its volatility. I think we have entered another overpriced zone on Ascend, but I am not buying puts, yet. Another five points and I'm in Thank you. You've finally come out and stated your true current position. Since you would be blindly buying puts at roughly 55 I hope you realize that a couple good quarters in a row will easily support that price, on a PE basis Add in short covering of the very high short interest, likely takeover by a larger telecom equipment provider, and puts seem risky to me. I just wonder how closely you have really followed the company in the last 6 months. Lets keep the market prognostications to a minimum, and stick to ASND. You can't change my mind about the market, but please try to convince me why those 55 puts would be a good play. Thanks. Gary