Ascend Communications (ASND) Message Board

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 : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Korn who wrote (19072)	10/26/1997 10:39:00 PM
From: sepku	of 61433

>>>I'm wondering what ASND's relative strength means. Could it be that institutions are accumulating during the general market weakness? Or could it be from the accumulation of a prospective buyer?<<< I believe it's as simple as this: the longer ASND bases around the low to mid-30s, the more ASND's ranks of shareholders are being replaced by others who have purchased shares at or around the current lows...thereby strengthening our support psychologically every trading day that goes by (hence the falling moving averages). The more value investors that take positions at these levels, the more likely ASND will weather the storm since most shareholders of the past 2 months will be breakeven or only slightly under. ASND investors have already seen hell...what's a little tech sector volatility? Style Pts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next