Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Xpiderman who wrote (19981)	10/30/1997 6:25:00 PM
From: Andie Wei-Ku Lin	Read Replies (1) of 61433

If tomorrow is the last day of the mutual fund FY, are you saying Ascend will drop to 20-22 tomorrow? It wouldn't make sense, in this scenario, to sell after the last day of the FY (as least for MF's). If you are assuming the MF tax-related selling is a primary reason for Ascend's (and arguable the rest of the market) selling pressure in recent days and weeks, then shouldn't the stock rebound significantly next week, given that the MF's can wait another year to see if the stock rises at all or not?

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