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

To: Will Fancher who wrote (19387)10/28/1997 9:31:00 AM
From: Jeff Mills  Respond to of 61433
 
The small investor is getting CRUSHED in this whole event. Nasdaq MMs are calling down stocks $4-$5 everyday (Intel down $5 preopen for example). Lots of people are highly leveraged into margin and will likely be called out of their positions if this continues, hence creating more panic and selling.

It's just a bad nightmare.



To: Will Fancher who wrote (19387)10/28/1997 9:32:00 AM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
<<I bailed out of ASND yesterday early and took the loss. I hated to do
it but based on todays pre-open it saved me 40k. This is insane.>>

Good move. But who wass to know HK would plummet again? If it had
not, today would have opened UP not down, IMO. This A.M. drop will
be the big down spike of what will later be called a bottom for ASND.


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