Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

12:59 PM EST

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To: Gary Wisdom who wrote (46643)	5/12/1998 12:08:00 AM
From: Darren	Read Replies (1) of 61433

All the volume in the past two days has been on the upside. Today's $1 5/8 drop from the high was on remarkably low volume. Note the total volume for the day was 5.5MM, while over 3.5MM shares were bought as the stock went up. Friday's volume was 9.5MM and the stock closed at the high. If it didn't pull back on low volume, I'd be concerned. Money flow was positive $70MM on Friday. Today it was negative $13.5MM. Big difference. This is very normal. If the market corrects, Ascend might go as low as $40 and change. But that's it. We will see $50 before $40. Figures don't lie, but liars often figure.

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