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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%3:59 PM EST

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To: Inga who wrote (25400)12/3/1997 4:55:00 PM
From: jach   of 61433
 
<hovering around 22-22 3/8 almost all day today. I stop monitoring the stock in the last hour and
was very surprised to see it came back to yesterday close. Good grief. Does anyone know why
there was such a quick recovery ? >

it's commonly known as "short-term traders
panic-buy-sell (pbs) symtom"
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