Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 203.85

-3.4%

2:06 PM EST

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To: Tim Luke who wrote (33088)	2/3/1998 3:00:00 PM
From: Sowbug	of 61433

This is a jealous thread. I take a break for a few days and I'm punished by having to catch up through 550+ posts. I just noticed today that ASND's intraday chart is almost the mirror of the Dow's. It's much more pronounced than the other stocks I follow. Theory: assuming institutions tend to drive the major intraday movements of the Dow, does this correlation suggest that institutions are also moving ASND (as opposed to retail investors)? And if so, so what? Is it a good sign that institutions are participating? It seems like a good thing.

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