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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%3:59 PM EST

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To: ChinuSFO who wrote (13288)9/17/1997 5:44:00 PM
From: KellyW   of 61433
 
Chinmoy Roy, The bottom was 32 and change and that's it. Won't test it again. Why? Geez, you had the DOW Jones wire reporting as an unofficial yet reported news blurb that Wall Street was expecting a pre-announcement of bad news from ASND. Granted the article said it was rumor, but believed by many MM's regardless. Well, that kind of manipulation and psychology is over. The B.S. was so thick it was crazy. ASND never deserved, valuation compared to the industry, to get below 37 in the first place. (I know, anything can go lower in a sell off.) But BUY now before October arrives and it's holding firm at 42 or perhaps higher.
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