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

To: Gary Korn who wrote (19072)	10/26/1997 10:39:00 PM
From: sepku	Respond to of 61433

>>>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 believe it's as simple as this: the longer ASND bases around the low to mid-30s, the more ASND's ranks of shareholders are being replaced by others who have purchased shares at or around the current lows...thereby strengthening our support psychologically every trading day that goes by (hence the falling moving averages). The more value investors that take positions at these levels, the more likely ASND will weather the storm since most shareholders of the past 2 months will be breakeven or only slightly under. ASND investors have already seen hell...what's a little tech sector volatility? Style Pts.