Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.41

-0.3%

12:16 PM EST

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To: vegetarian who wrote (1451)	12/26/1996 5:45:00 PM
From: Piggy	of 61433

It looks like market maker support. They must believe that the stock still has inherent value to maintain price support at ~$62-64. IMHO, that as some investors dump a group of stocks based upon industry grouping, selling pressure brought down all prices early in the day. Market makers have a tendency to use it as an opportunity to allow prices to settle where they believes it belongs. However, if an individual stock has some inherent value, they will "push" the price back up the best they can based upon performance numbers they believe will occur. Have you notice they did not support CASCADE or SHVA at the end of the day? Do they know something we don't?

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