Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.63

-1.4%

Dec 18 3:59 PM EST

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To: Glenn D. Rudolph who wrote (28964)	12/30/1997 10:21:00 PM
From: MMW	Read Replies (1) of 61433

Hi Glenn, I speculate as why ASND does not seems to participate in the recent tech rally. If you look at the percentage institution holding on ASND, it has reduced quite bit. Which means you and I as small investor are holding the bag. During this tax sale period, the small investors are the driving force. Since ASND has dropped from mid 50's to mid 20's, this probably is one to go for offseting tax gain in 1997. That may be the reason for ASND stock under selling presure lately. I would suspect it will have some rebound in the next month after tax selling is gone. The real question is what we are going to do with ASND shares held in our position. Cheers! Mike

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