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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST

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To: Tim Luke who wrote (12700)9/15/1997 2:50:00 PM
From: Chi-X   of 61433
 
TIM LUKE, when ASND sells in the highest volume ever today,
believe me that it's the big boys and institutions selling and the
little guys holding the bag up in the $40's. I know a lot of
daytraders that got frozen in the headlights and are holding in the
mid 40's and are sitting on steep losses. With this being ASND's
lowest low in 18 months, the big boys can just buy back here if
everything looks clear into earnings. So far, no good...

09/09/97 13,281,800 42 3/4 39 15/16 42 9/16
09/10/97 23,814,200 41 3/4 39 5/8 40
09/11/97 27,646,700 38 3/4 36 7/8 37 13/16
09/12/97 20,933,700 38 35 35 1/4
09/13/97 27,745,000+ at 2:45pm EST

<<You can bet your sweet *** that for every share that the
small guy is selling the big guy is buying. >>


Cheers,
Chi-X hath Spoken!


Absolutely Princess Diana 1961-1997
members.aol.com
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