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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: Greg Jung who wrote (19570)	10/29/1997 12:41:00 AM
From: damniseedemons	Read Replies (1) of 61433

Hi Greg, just happened to follow you here. Below is an excerpt of a note I wrote for an editor. It pertains to your complaint: ______________________________________________________________________________ "....I'm especially alarmed at this, because the NYSE and NASDAQ had recently boasted that they had the capacity to easily do over 4x average daily volume (today was only about 2x).ÿ I think today's action proved that the NYSE and NASDAQ are overly optimistic in their claims.ÿ But worse, even if the markets could handle all the volume, the brokerages can't.ÿ So either way, the system breaks down.ÿ In all honesty, I do think this is a severe potential problem, because there is a great possibility that the record-breaking volume of today gets surpassed several times in the near future." ÿ Sal Habash

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