Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

3:59 PM EST

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To: sepku who wrote (27500)	12/11/1997 1:12:00 AM
From: jeff wheatley	Read Replies (1) of 61433

Style - I think your assessment is right on here. I wouldn't invest on rumor alone and I'm sure that someone who is managing hundreds of millions or billions of dollars is at least as responsible as I. 48m shares in two days is big money and they don't buy in one day with the intention of selling the next. They perceive a bottom and an improving situation. For my part I really like the chart and my indicators like it too. Dropping on a few million shares a day, IMO, is not significant at present. I think that some bought on the rumor, but many more went in on perceived improvement in fundamentals. I also think buyers, including myself, will come out as the price drops. If it does manage to hit 22 again in a rough market, which I doubt, it'll probably bounce about 15%. The caveat is this: will orders from Asian nations be cancelled? That would be very bad. Good luck. Message 2932904

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