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

To: Chuzzlewit who wrote (56917)	11/7/1998 3:21:00 PM
From: Glenn D. Rudolph	Respond to of 61433

ASND: NATNBK MONT.SEC decreased estimate for fiscal year ending 12/98 from $1.19 to $1.17 on 11/05/98 ASND: NATNBK MONT.SEC made new estimate for quarter ending 12/98 of $0.31 on 11/05/98

To: Chuzzlewit who wrote (56917)	11/9/1998 2:15:00 PM
From: michael modeme	Read Replies (2) \| Respond to of 61433

Chuzzle, One of my assumptions was that one would have a hold, and don't sell strategy. Just as in any analysis, if you drop a necessary assmuption, then the conclusions will change. As a side-point, if we are to assume that stock prices have the Markovian property, then you are wrong, and a buy and hold strategy gives a higher return when compared to a trading strategy for stocks drawn from a common probability distribution. Cheers