Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 222.22

-6.8%

Jan 28 3:59 PM EST

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To: djane who wrote (46197)	5/7/1998 5:03:00 PM
From: gbh	Read Replies (2) of 61433

I think the short-term market hinges on tomorrow mornings release of job growth data. Strong job growth will be BAD for the market, and it will result in a market drubbing (100-200 points, at least). On the other hand, a weak number may (yes, only may) mean we get back much of the 160 points lost the last couple of days. Fed comments today by Alice Rivlin (posted of DBC) seem to indicate the FED is itching to increase rates, and may have been in effect, leaking this jobs data. We all know the raising of rates will, short-term, whack the market. I for one will be buying on any type significant ASND dip. As will many others, I presume. Therefore, it seems unlikely we will see a significant dip (say to 40). Any opinions? Gary

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