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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: Johnathan C. Doe who wrote (22985)11/12/1997 4:40:00 PM
From: garrick le  Read Replies (2) of 61433
 
Jonathan,
You wrote: "A stock holding up well in a selloff has never impressed
me".
Such generalization does not impress me at all :-))
You may say that ASND 's action today does not impress you,but to make
such a generalized statement like the afore-mentioned shows
your true knowledge and experience with the market.I agree the reasons
may be short covering,a temporary reversal of trend ,etc besides
the stock 's strength (which ASND does not have recently).
However,more often than not,it usually means some fundamental strength,esp. in a market of broad-based selloff.


GL


GL
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