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

To: hitesh puri who wrote (53331)	8/31/1998 4:10:00 PM
From: garrick le	Read Replies (1) \| Respond to of 61433

I feel very bad for all of us ASND longs ,myself included. Tim 's call was superb but I am not sure we will see a real bounce anytime soon. This morning may have been the last rally attempt for sometime to come. ASND is very undervalued at this point so for those of you with more than 1 year horizon,hang tough. Otherwise,sell and buy later at a lower price. Ralph Acampora was right after all. I see the Dow testing 7000 this week and the SP 500 testing the 900 level. Then we can determine if a market bottom has been reached. This market meltdown is more psychology than real but with the stock market ... it is always irrational in both directions (up or down). For MSFT,CSCO,DELL ... I expect another 15 % correction. All of course my opinion only and I have been more wrong than right. GL