Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The Networking Index (NWX) - NO SPAM PLEASE! -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duper who wrote (16)	10/20/1998 5:10:00 PM
From: jas cooper	Respond to of 51

If lending money to customers is the cause for today's drop, I'm not so concerned. Hasn't this been done before successfully, like by the auto companies? People are talking about a credit crunch, and guys like LTCM are making banks cautious lenders. I think it's fine that ASND steps in and addresses this need to help bolster sales. It sounds like they are accounting for it conseratively, and if all these CLECs fail, the telecomm equipment vendors that don't lend money won't be doing much better. Disconnected events (fed lowering rates) have caused people to reevaluate values of battered tech stocks. And depending on one's entry point, prices are unduely high or still skimming the bottom of the barrel. Take XYLN for example. To some it's up 50% with just a mild upside surprise, and decreased earnings estimates from multiple analysts. SELL, SELL, SELL. To others, it's down 50%, despite being a growing company with kickass technology and sharp management. BUY BUY BUY. I must admit, I helped today's reversal by reducing some of my holdings (sold half my TLAB, as well as SAPE, TBH, AME, and KM). Not enough to prevent paring my gains to next to nothing, but my pathetic attempt to time the market a little. Overall, I think sentiment has changed though, and the year ahead should prove rewarding for most NWX components. james