Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: gbh who wrote (57931)	12/8/1998 12:40:00 PM
From: Lutz Moeller	of 61433

Gary Your take below sounds reasonable to me. I'm out ASND dec 1 at 55,94 what a pitty. Lutz <<My own take is that most of this rally (ASND and others) is short covering related, along with the absolute fact that that institutional money managers again have huge cash reserves, and are flocking to names that are not likely to disappoint this Q. ASND is near the top of this list of "in the bag" stocks.>>

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