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

To: Mighty Mizzou who wrote (60090)	2/22/1999 3:56:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 61433

Too funny: (see bold) The Dreaded Restricted List By James J. Cramer 2/22/99 3:31 PM ET That's it! I'm putting this &%(^%*&% Hewlett-Packard (HWP:NYSE) on my personal restricted list. There are only so many times that one stock can make a fool of someone, and this one has crossed that threshold. You remember two weeks ago when I sold Hewlett because of the groupthink that SCI Systems' shortfall (SCI:NYSE) should hurt it, and then I bought it back when I thought the news was fully discounted. I waited until it was up today and sold the balance. A brutal loss, one that can be measured in the six figures. And now I have to watch as the stock moves up 5 points on rumors that Lew Platt, the guy who runs the company, might be out. Some stocks are like that. Years ago I had Federal Express, now part of FDX (FDX:NYSE), on my restricted list because everything I did in the name was wrong.Then later it was AMR (AMR:NYSE). Last year I took a bath in Ascend (ASND:Nasdaq) and stayed away for almost six months, refusing to trade it, before it got to some level that I was willing to violate my personal restricted for. Today Hewlett-Packard goes on the list. Not until Platt is gone will you see me own a share of this one. It has beaten me too many times. Random musings: NDX up 50 as I write this. Could it be that the mutual fund bandits walk it up to 75 by the end of the day? Hubba, hubba, nothing would shock me.