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

To: fedhead who wrote (55376)	10/6/1998 11:34:00 PM
From: Bindusagar Reddy	Respond to of 61433

Anindo, I respectfully disagree. Market knows squat about future. Market is infested with useless and worthless short term traders who only care about minute by minute and daily swings( Driven mainly by fear and greed and emotions. They care less about the next quarter and next year. If they really know a given company can not be valued at $100 one day and $20 in another month and back up to 40 as soon as someone whistles good news. It is plain stupid, irrational. Never try to make sense of every move the market makes. In a year everyone forgets that they were irrational. Market is irrational short term, but they price the companies fairly in long term, if a company can show sustained growth. Good luck, BR