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

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To: rkf who wrote (15162)9/29/1997 11:31:00 PM
From: X208   of 61433
 
Boy, look at all the panic !! Oh yeah, the news tells of asnd going out of buisness and they are losing all their market share, not to mention its products don't work. On top of that, they have lost all their customers and will never sign a new contract again. What ?? This is not what you read ? You mean it does not say all this ? So the stock falls from 55 to 35 based on a short term short fall that is now confirmed !! Not to mention major contracts for the next quater that are also confirmed !! Get a grip people, we have already slid from 38-35 in the last several days. Ignore the shorts as they again appear in droves, and ride the wave. This is the worst it gets. Oh yeah, if you think we are going down 10 points on news that has already been acted upon and factored in, think again. The biggest losers will be those who sell in the first hour of trading, because on wednesday, the new quater begins.
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