Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: Dee Jay who wrote (1450)	12/26/1996 4:23:00 PM
From: vegetarian	of 61433

I mentioned first week of January because according to many, January should help general stock prices go up after tax related selling. Whether this happens or not is anybody's guess. The holiday season data is not reliable because of the low volume. If ASND shows weakness in January that may not be a healthy sign until the earnings are out (also may indicate that institutions expect a problem with the earnings). Of course, if the earnings are good like last quarter, the stock will do well. Stalled earnings can be detrimental to stock price. The intra-day chart for last two days is rather peculiar, I guess day traders having fun; anybody has a good interpretation of the chart? (down trend all day and picks up few minutes before close). M. Carter

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