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

To: sepku who wrote (19065)10/26/1997 8:21:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Glenn, Style, others,

I'm wondering what ASND's relative strength means. Could it be that institutions are accumulating during the general market weakness? Or could it be from the accumulation of a prospective buyer?

I can't believe that all of the relative strength is pure rumor related. Also, with many of the other networkers taking such a hit, their trailing p.e.'s have to become relatively more attractive, which in theory would lead ASND to be the weaker of the stocks in time.

Any light you (or anyone else) can shed on this?

Gary Korn



To: sepku who wrote (19065)10/26/1997 8:36:00 PM
From: Glenn D. Rudolph  Respond to of 61433
 
Thanks for the 2-week performance chart, Gary. Looks like ASND's beaten down condition is "protecting" us from further punishment in the recent tech sector downturn. Style, You are absolutely correct. Gary just posted the stock price changes. ASND may have strong support at this level or other factors may be the cause but downside seems slim based on Gary's post. Glenn


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