Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 3:59 PM EST

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To: laider who wrote (9534)	8/22/1997 8:30:00 AM
From: Finder	of 61433

I feel that it is once again time for my daily rant against dirivatives (options, futures, etc). Note that the s&P is down over 12 points this morning already in computerized trading. This will obviously start the computer sell programs at the open. 1.5 point discount to cash at close so 13.5 points at least of sell pressure = 125 point drop at the open before human beings can even trade. Greed on the part of big brokerage firms who operate these computer programs will destry this market. Program trading caused Black Monday in October 1987 for those of you who were not trading then.These frims are going to kill the goose that laid the golden egg again. Big down day coming.Jusy my 2 cents worth.

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