Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: djane who wrote (46197)	5/7/1998 4:46:00 PM
From: Darren	Read Replies (1) of 61433

ASND should be back up tomorrow (if general market holds) as Wall St. realizes that COMS problems are unrelated to ASND. Low volume today on ASND. Maybe I'll get my 2nd long-term entry point. djane IMO, not in this market. I think Tuesday was a more accurate reflection of the current ASND trading environment than Wednesday (because of CSCO earnings)...today was just a return to Tuesday's levels before the CSCO news. Someone recently mentioned on CNBC the "water torture" correction, and I think that is accurate, at least until the May 19th Fed Meeting. One important bearish indicator was the S&P futures falling below 1100 at the end of market today. That is huge, especially if it doesn't kick above 1100 early tomorrow morning. Looks to me like we are entering a buy on the big dip opportunity before the summer run-up...

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