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

To: Tim Luke who wrote (53364)	8/31/1998 7:41:00 PM
From: VegasMan	Read Replies (1) \| Respond to of 61433

Tim and all : What do you/everybody think of tomorrow? Gap up and stay up? Gap up and plummet like today? Or (what i think) Gap down after foreign markets get slammed until about about 11:00/11:30 and then some heavy buying...Just like last October. VM

To: Tim Luke who wrote (53364)	8/31/1998 9:10:00 PM
From: gbh	Respond to of 61433

Tim, here are some reasons why OSI, MER, and DELL may be les than stellar picks in the short term (end of year). OSI: PE way out of whack with growth rate. In any kind of weak market, these high PE stocks with will get re-priced to their fundamentals. We are seeing this right now with DELL, CSCO, ASND, etc., etc., etc. MER: just read the following news item, and notice the line about "heavy trading losses" for Smith Barney. I'd bet many, many brokers who act as MMs (read MLCO) will be in a similar boat. biz.yahoo.com DELL: I love DELL, but sold my entire holding on Friday at 122. This stock, along with MSFT (still holding, probably a big mistake), and CSCO (which I also dumped on Friday, sorry OG) are in the midst of being re-priced according to true growth rates. Unless the market does a complete about face, DELL will trend lower for awhile. Long term, its a no brainer. I just don't think long term means the end of this year. I will buy the stock back in the mid 80s, maybe lower. gary