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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: Mighty Mizzou who wrote (55646)10/9/1998 10:05:00 AM
From: ibrandybuck  Read Replies (1) of 61433
 
<"Anybody think we are going to sell into strength today?">

Some, perhaps. But strength on volume last couple of days suggests people are increasingly confident about earnings. About time for an earnings runup, through most of next week. Unfortunately, buyout speculation may also return, which might give us some good movement (along with short covering), but will cost us when people realize the odds of a short term takeover by LU have declined dramatically over the last few weeks.
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