Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

Dec 4 3:59 PM EST

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To: Jeff Jordan who wrote (47837)	6/1/1998 7:35:00 PM
From: Darren	Read Replies (1) of 61433

I believe the correction will last maybe 60 days until a good percentage of stocks move off those 52wk highs. It's hard to be patient. 60 days might be a little too patient. That would be sideways until August, and everybody will be on vacation in August. I'd say options expirations could be the low, and sometime before the July FOMC meeting could be the high. Maybe the market is setting Greenspan up for another delay in interest rate hikes. This has been an afternoon market and a late market... ...I was trying to see if INTC is actually trading below the "Pentium" fiasco, at it's 52 week low. CSCO is going to be a tough one; it finally budged today, but it's like water torture... ASND gapped down at open slightly today for the first time in at least a week -- I was trying to look at the charts to see if this meant anything. It is a somewhat unusual pattern for the stock, but I guess not considering the market.

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