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: gbh who wrote (46641)	5/12/1998 12:11:00 AM
From: Greg Jung	Read Replies (2) of 61433

"And I would suspect, the big boys who aren't in yet, will be buyers on the downside higher than 40." If by the big boys you mean guys like Cramer, he's already playing I'm sure because short squeezes and minute-by-minute movements are his specialty. Big money knows they can wait for the stock to come to them, that they won't get punished for missing 10% at this level. So far the chart I can look up still has institutional ownership at 33%, same as 5/1/98. If the market is going to rise, then Ascend may as well be bought as Lucent. Those with big bux that are getting in at these levels will certainly be the first out the door on the first whif of a downdraft. Only if your basis began at 30 could you claim to be unconcerned about the volatility. Lately the stock has been reaching up to trigger buy stops, the path to least resistance. When that's dried up, it'll be dipping and dropping on the sell stops. Then the cycle begins all over again. Greg

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