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


To: Finder who wrote (19610)10/29/1997 10:23:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Finder,

I just signed off to head to work. There were a number of sudden 50,000 share blocks that went off when ASND hit about 30.5, and then it sank until a 100,000 block at 30 pushed it down again. I don't know the reason for these large blocks, tho last I looked it had come back to 30 again.

Gary Korn



To: Finder who wrote (19610)10/29/1997 11:38:00 AM
From: Chi-X  Read Replies (1) | Respond to of 61433
 
Looks like people are taking ASND out to the woodshed and "splat." Any reason for the tumble? David Faber this morning was discussing how one analyst was saying that the Networkers were oversold and that Asia & Europe in particular are not as weak as people are hearing. This may have caused the gap up but I think the whole market gapped up over residual exuberance from yesterday's record pop.


Cheers,
Chi-X hath Spoken!

"There shall be no wine, before its time."