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Technology Stocks : ASND - Discussion, but no quotes
ASND 197.59-0.8%Nov 7 9:30 AM EST
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To: Ling Chen who wrote (88)9/13/1997 2:01:00 PM
From: Gary Korn   of 186
 
<Institutions hold the biggest part of ASND.>

This is true, but barely so, and here lies one of the best fundamental reasons to start buying into ASND: Institutional ownership has dipped to almost 50% (it is about 55% now). When net institutional selling stops and reverses, as it will, ASND is going to have very powerful upwards momentum as institutional ownership returns to historical levels. Just look at the current institutional holdings for the other somewhat out-of-favor networkers (CSCO = 69%, COMS = 83% and BAY = 61%).

Gary Korn
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