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Technology Stocks : Ascend Communications (ASND)
ASND 211.05-0.7%Dec 1 3:59 PM EST
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To: James A. Venooker who wrote (55507)10/8/1998 12:15:00 AM
From: gbh  Read Replies (3) of 61433
 
What leads you to believe the bleeding is not over?

Here's my list of reasons:
1) Because I am a firm believer in the capitulation theory.
2) So far, the selloff has been methodical, not maniacal.
3) Puke it up "at any price".
4) DOW is still at 7700.
5) DELL, MSFT and IBM have not been truly punished yet.
6) No one really understands the hedge fund situation.
7) Nothing has changed (in Japan/Asia).
8) Greenspan wants the market to go lower.
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