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Technology Stocks : Ascend Communications (ASND)
ASND 202.47-4.5%3:59 PM EST

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To: Jeff Jordan who wrote (18455)10/20/1997 4:39:00 PM
From: Gary Korn   of 61433
 
Jeff,

I don't know what to make of the after-hours trading today. The 350,000 block that went off at 33 13/16 was worrisome for tomorrow. Then, 8 minutes later, a 100,000 block went off at 34 13/32, up significantly from today's close.

There is a story on Fed Filings at 3:54 p.m. that I cannot read. Maybe something significant in the news somewhere. Maybe not. I checked EDGAR, and I saw nothing filed with the SEC yet. [EDIT: A later post says IBM and MSFT beat estimates...maybe that is the reason]

If I had to commit, I would say we will be up tomorrow, if only because of the last 100,000 block. Not much to go on, though.

Gary Korn
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