Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Big Dog who wrote (29133)	1/1/1998 8:51:00 PM
From: jach	Read Replies (1) of 61433

<what's going on in Southeast Asia is scary and can affect our stock market (which is edgy). If AMAT, MU, CPQ, INTC go down hard, I believe all tech stocks will be affected.> not all tech stocks were affected by SEA mkt turmoil; almost all the tech stocks that were battered have had some other factors weighing them down and the SEA gives sort of an excuse to sell. Major impact that can happen from SEA is already over. What likely happened was addition of profit-adjust selling as we did have some good appreciation this year (20% for DOW, 21% for nasdaq and 30% for SP500). Adding to this is some portfolio adjustments of MFs; therefore, starting tomorrow, without these other factors ASND, FORE and the battered down tech stocks will very likley zoom upwards quickly.

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