Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 9:30 AM EST

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To: Sector Investor who wrote (17841)	10/16/1997 1:39:00 PM
From: Dr. Jeff	of 61433

My thoughts are that it isn't about investing based on fundamentals anymore. It's about momentum. Today ASND has a massive amount of buyers paying at least $1 1/2 more per share than they could have paid for it for yesterday. The market is just a tug of war, a pyramid scheme(as my broker says). The maximal number of buyers pay the highest price and most sellers get the lowest price. The "buy low/sell high" maxim works for very few in this skittish market. Just look at the charts, especially if you tick by tick data.......Most people are down, quick to take super small profits, but late to take big losses.............. Just a side note: Have you notice how many stocks are gapping up at the open only to fall. Conversely, many stocks are gapped down and rise from there...........

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