Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 221.33

-1.3%

Feb 11 3:59 PM EST

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To: Narotham Reddy who wrote (6220)	7/8/1997 3:15:00 PM
From: Andie Wei-Ku Lin	of 61433

We picked up some more shares at what (was) the bottom of the day at 45 7/8, but I will still admit that the stock looks shakey here, especially considering the positive tone of the overall market. I'm not sure that a mere reiteration of a "neutral" rating by Cowen would result in a two day decline, albeit a relatively tame one in terms of points. What we are seeing is very rapid periods of heavy selling followed by consistent accumulation. We are now at the low of 72, is the bottom end of the gap up. Closing under or even too near 45 3/4 doesn't bode well for the momentum in this stock.

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