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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Gary Korn who wrote (18832)10/23/1997 10:36:00 AM
From: sepku  Read Replies (2) of 61433
 
>>>Style, Nice move picking up more at 33.5. You could see from the absence of block trades and the absence of Merrill and even Goldman that the selling was going to evaporate. Is this a day trade or long term hold? Speaking of absences, have you noticed the absence of news from ASND?<<<

Those were exactly my thoughts this mornings after the opening bell. I was looking at my quote screen and realized that all the selling was on some really pathetic volume not to mention measly share lots anywhere from 100 to 1000, for the most part. It was obvious the only people selling were the small investors. So I expect the smart money to start looking at whether their fave stocks are reaching their attractive entry points. This concern over the "global market" is completely overblown. HK itself is still a tiny territory and the market, although growing fast, is still small. I couldn't resist taking advantage of this opportunity. I don't know whether these new shares are going to be trades for me or not...gotta keep an open mind. As for the CYMI shares, I'm adding those to my longs and holding overnight through earnings after the bell...should be exciting. I think they will beat estimates ($0.21) by a few cents. You mentioned absence of news from ASND...no, I hadn't noticed. Do you find that significant?

Style Pts.
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