Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: Greg Jung who wrote (19570)	10/29/1997 9:47:00 AM
From: General Crude	of 61433

I am no expert on this matter, but do know that during high volume panic buying/selling days the Brokerage firms do not have the manpower, phone lines etc. to handle the situation. This has always been the case. My father had standing orders from the previous day/weeks and got in at the low yesterday on a number of stocks such as ASND, SUNW, INTC. I think the NYSE handled the volume, but the brokerage firms did not. JMO. NASDAQ had a breakdown on the Index late in the day so maybe they are being stretched. Panics occur partly because people can't get good or timely information. In the old days traders were "flying blind"; didn't know what the prices were or what the indexes were doing. Technology has improved the situation. I'm sure there is room for improvement, though. Good Luck. Doug

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