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

To: Tim Luke who wrote (51914)8/11/1998 12:42:00 PM
From: djane  Respond to of 61433
 
Tim, I agree with you on the US markets. I'm mostly concentrating overseas and biotechs which are really hated at the moment. I was really unnerved by the bullishness on the US market expresssed by pretty much every fund manager and newsletter writer at the recent investment conference. They universally said to expect a nice rally in the next 4-6 weeks after the recent market slide. I do agree with the theory that complacency on a sharp downtrend is alarming. But, I was glad to see the drop today and the rise in put buying. djane



To: Tim Luke who wrote (51914)8/11/1998 5:57:00 PM
From: Jeff Jordan  Respond to of 61433
 
I think we are 2-3 weeks away from any buying frenzy

Tim, I think you are right....but I'm buying have been buying now. I only picked up another 300 ASND today....I was waiting for a lower price...it never came? To damn much strength!<g> What does that tell you. Maybe if they announce they're gonna buy AFCI next I'll get the dip and be able to buy the rest of my shares and sell my AFCI all in one big swoop.<g>

Jeff


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