Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Marc Hyman who wrote (8180)	8/7/1997 8:37:00 PM
From: WBendus	of 61433

The market is in trouble for the next few days. There is alot of nervousness up here at these levels and the NASDAQ has had a real nice run over the past few sessions, climbing around 100 points from the most recent lows to todays highs. There will be profit taking going into some big economic numbers that come out next week. The PPI, CPI, housing starts, industrial production, and capacity utilization all come out next week, starting at 8:30 am Wednesday and going through 10:00 am Thursday. The T-bond market was on its way to posting a gain today after a well recieved offering, by the close it was tanking and led the market lower. The market is now telling us that it needs to take its cue from the bond market and the bond market is still catching its breath after its incredible summer rally which saw rates go from 7.16% to 6.3% in under four months. The bond market is now saying that it is not going higher unless there is real good reason to. I fear that good numbers for the bond market next week may not do it. We may need a quarter of good numbers before convincing this market to go higher. Buckle up, we are in a trading range of 10% moves. Wayde.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next