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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Mikhail Rasolis who wrote (18822)	10/23/1997 9:13:00 AM
From: Mikhail Rasolis	Read Replies (2) \| Respond to of 61433

From Briefing.com: Stock Indications as of 08:40 ET: At one point, the Hang-Seng was down 15% before rebounding to close -10.41%. Including latest close, Hang-Seng down 25% this week and 35% for the month. Currently, there is a flight to quality, leading the 30-yr bond 39 ticks higher. Anything with significant exposure to the Far East is expected to retreat sharply this morning; for example: ERICY -3... INTC -2... DELL -3 3/8... KLAC -2 1/4... CSCO -1 1/2...COMS -1 3/4. With the futures down 15 pts, really no clue where the indices will open. At this pt, however, we're looking at a minimum decline on the Dow of 150 pts. Big question is: "who is going to be the first to step up to the plate and buy on the weakness?" Stock Indications as of 08:30 ET: Hold onto your hats boys and girls, turbulence ahead. Following a 10.41% decline in Hong-Kong (preceded by a 6.2% decline yesterday), investors are worried the world equity markets will come unglued. As a result, we are currently down limit on the S&P futures, which means the Dow will sink like a rock at the open. All the major names indicated lower: IBM -3, MSFT -3. Separately, DATM indicated 5 5/8 pts lower on earnings.