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


To: Glenn D. Rudolph who wrote (19433)10/28/1997 1:53:00 PM
From: Peter Yang  Read Replies (1) | Respond to of 61433
 
>>When asked about their long term view of the markets, Day Traders On-line still remains fairly bullish, even on a number of tech stocks such as CPQ, ASND and feels that much of this selling is likely to be viewed as a buying opportunity shortly. ''These companies (while they may have some pressures from Hong Kong) still do business
largely in the U.S. -- fundamentally things haven't changed enough to warrant this sort of selling. It appears to be the beginning of much needed capitulation in the markets. Ultimately, that will allow us to see higher levels down the road.'' <<

biz.yahoo.com



To: Glenn D. Rudolph who wrote (19433)10/28/1997 3:34:00 PM
From: Bald Eagle  Read Replies (1) | Respond to of 61433
 
<<The rumor is the NYSE is designed to handle up to 1 million shares in a day.>>
Surely you mean 1 Billion. They've already passed that today. Unfortunately, Ascend is not rebounding like the rest of the market yet.