Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Ashley Campbell who wrote (13644)	9/19/1997 3:56:00 PM
From: Tony Dang	of 61433

Looks like a classic dead cat bounce in progress... Bad news followed by a quick drop in price on increasing volume... followed by a low at peak volume ... followed by a quick rise on decreasing volume as the value hunters (bottom feeders) come out ... followed by a short stabilization period and the inevetivable drift downward as volume dries up to more normal levels ... followed by accelerated decline as some of the bottom feeders that bought on the bounce realize they bought too soon and bail out. At that point, the price stabilizes into a trading range until new news is released. Tony

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