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Technology Stocks : Ascend Communications (ASND)
ASND 196.07-0.4%11:51 AM EST

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To: blankmind who wrote (38249)3/7/1998 2:09:00 PM
From: jach  Read Replies (1) of 61433
 
<<ever notice as the naz is making new highs these stocks were heading down? i am
sure there was information about this outside the company.

prior to the intel warning it was trading at

94 on 2/25 and at 86 on 3/4 (almost 10% correction from the high) and then down
to 76 on the announcement.

cpq

2/25 34
3/6 27 1/2
3/9 ?????? >>

possibility is there as always. After the facts, things look much more clearer. Big question is, does a 10-15% correction have a high % of correlation to this type of scenario?, there are quite a number of stocks that fit this movement as of this last Friday. Sell them all, if one owns them??
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