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

To: Kansas George who wrote (58323)	12/29/1998 1:59:00 PM
From: Sowbug	Read Replies (2) \| Respond to of 61433

Any news? Besides the news that we're in a bull market that's favoring technology stocks, no.

To: Kansas George who wrote (58323)	12/29/1998 6:34:00 PM
From: sunfish	Respond to of 61433

I guess the news is that it is prudent to look at the whole chart, not just the 52 week high. ASND is nearly 20% BELOW where it was two years ago (at its all time high) while stocks like CSCO have nearly doubled since then. You could argue either way, that ASND is a better buy because it hasn't reached it all-time high, or that it is a worse buy because it hasn't reached its all-time high. Whichever, ASND is in a strong recovery from a low of 23 this year, so the party has been underway for awhile for longs who bought anywhere near that low.