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Technology Stocks : Ascend Communications (ASND)
ASND 222.15+2.2%Feb 6 9:30 AM EST

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To: pass pass who wrote (6486)7/12/1997 1:05:00 PM
From: Chi-X   of 61433
 
The low volume in ASND was welcomed. There was no major selloff which happened during the last runups. ASND bounced nicely on Wednesday on heavy volume. The volume on Thursday was pretty decent and it stayed over $48. Low volume on Friday meaned there was nobody in panic running for the doors. I'm surprised that it wasn't up for the day as the Dow & Nasdaq seemed to make pretty good runs. I guess this is the quiet before the storm next week when earnings come out. Depending on how the conference call goes (I don't think the number matters much since they'll likely just meet estimates).


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