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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%3:59 PM EST
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To: thebeach who wrote (45046)4/21/1998 6:04:00 PM
From: Sowbug  Read Replies (1) of 61433
 
[C]an anyone tell us why the selloff near the end again.ASND and NN both sold off at the end while other networkers did not.Does this mean anything negative or is this just healthy profit taking?

I'd call it profit-taking. I wouldn't blame someone for selling at $44 today. We've had about a ten percent gain in the last week, and we all know ASND to be the stock that giveth and then taketh away.

I sold some of my June 35 calls earlier this week and now wish I hadn't. I was just nervous at the time.
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