Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 208.87

+2.9%

Jan 12 3:59 PM EST

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To: Dee Jay who wrote (108)	6/6/1996 9:54:00 PM
From: Dee Jay	of 313

more on the last post - the news reports indicate that program trading caused much of the dropoff, and institutions are the ones which utilize those techniques - so maybe the institutional holders thought it was time to take some profits. The news also indicated what you already know - that the stocks touted by the Cabot letter did take heavy hits today, which may have been the excuse the program traders needed to unload some so as to buy back later @ $3-4 lower cost - take profits and come back in for less. Friday and Monday may be very meaningful. Dee Jay

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