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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.6%3:59 PM EST

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To: Mike McCauley who wrote (50344)7/23/1998 11:49:00 PM
From: gbh  Read Replies (2) of 61433
 
Would anyone care to guess why Ascend waited until the last hour to join in todays down market?

Mike, the sell off on the NAZ only got serious in the last hour. INTC also sold off heavily. I'd guess that whichever funds were buying ASND and INTC all day, just decided they could could get stock cheaper tomorrow, or just finished their buying late today.

I'm not sure about ASND, but I'm expecting an INTC bounce tomorrow with any kind of market strength.

Gary
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